Monthly Market Update
Submitted by TLWM Financial on July 7th, 2023
Another six months have flown by as we reach the halfway mark of the year with strong stock market returns. The S&P 500 is up almost 16% YTD, after rallying 6% in June. (YCharts)
At the beginning of the year, we highlighted a number of areas we thought were important to watch in our annual outlook. We’re going to revisit four of these themes and provide an update on each.
- Inflation: For the second year in a row CPI (Consumer Price Index) may be the most closely watched data point. The most recent reading dropped to 4%, the lowest rate in 2 years, and substantially lower than the peak of 9%. If we see inflation continue to trend downward it would likely be a positive for markets. (YCharts)