What’s Changed in the Markets in 2023 and What does it mean?
By: Jeffrey Buchbinder, CFA, Chief Equity Strategist, LPL Financial & Quincy Krosby, PhD, Chief Global Strategist, LPL Financial
Markets have adjusted to several changes this year. The pace at which inflation has cooled is slowing. The market has started to believe the Federal Reserve’s (Fed) “higher for longer” message. The bar for earnings has been lowered. Market relationships to interest rates have been turned upside down. And many of last year’s losers are this year’s winners, and vice versa. Here we take a look at some of the biggest changes in the market environment so far in 2023 and what those changes could mean for investors over the balance of the year.
Read the full commentary here: weekly-market-commentary-02.21.2023