Many Investors Surprised by the Equity and Bond Market Rally at the Beginning of 2023.
We believe the economic data will continue to show signs of deceleration and that U.S. equity markets may have rallied a bit too far too fast. Perhaps investors should remain patient and diversified, anticipate volatile markets, and take advantage of longer-term opportunities if and when they arise. In our Q1 investment commentary, the FWA Investment Committee provides insight on the markets and updates on the FWA-managed portfolios.