Welcome to our July 2023 Market Update Video!
Stocks rose about 6-1/2% in June, kicking off a good start to the summer.1
Fixed income yields, as reflected in the 10-year US Treasury began climbing throughout the month, rising about .25%.2
The Federal Reserve paused its rate hike campaign in June, with comments that we should all expect 2 more hikes.3 In my opinion, this feels close to the end which may bode well for stocks.
Moving ahead, I am seeing a resilient stock market and it appears to be in an uptrend.4 It may also make sense to start looking into longer dated maturities to lock in these higher rates for longer.
In my opinion, our 3-pronged approach still applies: owning stocks for growth while debt expands; buying bonds to earn interest with higher yields and lastly, hedging everything with precious metals and commodities.
Your feedback or questions are always appreciated! Please feel free to send it this way and I’m happy to share any additional details.
Enjoy your summer!
Tim Truebenbach, CFP®
Senior Vice President – Financial Advisor
The S&P 500 Index is a capitalization-weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries.
The NASDAQ Composite Index measures all NASDAQ domestic and non-U.S. based common stocks listed on The NASDAQ Stock Market. Bonds are subject to credit, market, and interest rate risk if sold prior to maturity.
Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
The fast price swings in commodities will result in significant volatility in an investor’s holdings. Commodities include increased risks, such as political, economic, and currency instability, and may not be suitable for all investors.
Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.
Dividend payments are not guaranteed and may be reduced or eliminated at any time by the company.
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.