A Repeat of Summer 2022?

A review of last year’s August market update reveals startling similarities to this year’s current market conditions, with just one caveat: price. We have made up significant ground in one year. But will it stick, or will a similar erosion of gains occur once again, for the latter half of 2023? The continued feeling of uncertainty in the economy, the keen attention directed at inflation, and the environment of fast rising interest rates are all the same ingredients as last year…