EQM Capital 2Q 2023 Market Review and Outlook– Markets Deliver a Nice Surprise
Coming into the year, the market was bracing for an economic recession as the Fed continued its aggressive tightening policy to thwart stubborn inflation. Throw in a bank crisis, political wrangling over the debt ceiling, a deeply inverted yield curve, and a Fed dead set on getting to a 2% inflation target, no matter what – and on paper, it doesn’t look pretty.
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