Carlson Quarterly – Q2 2023

June 30, 2023

Market Commentary

The market continues to rally in the face of an endless “Wall of Worry” as the U.S. stock market delivered more gains during the second quarter of the year. The S&P 500 returned approximately 10% for the quarter lifting YTD gains close to 17%. The big story continues to be growth stocks as they lead the market higher with Consumer Discretionary, Technology and Communications Services sectors now all up over 30% YTD and Apple finishing with a $3T market cap! Small cap stocks continue to lag up only 8% YTD, fortunately, we are seeing signs that more stocks are starting to participate in this rally which we believe can be supportive of additional gains. Inflation is becoming less of a concern as we saw the FOMC pause in June while the bond market is still grappling with a very inverted yield curve limiting gains in fixed income markets. The markets may take a breather, but the momentum and trends are going up.

Advice Corner

Check out our articles for advice and insights on budgeting, asset allocation and time in the market.

  • Summer Financial Bucket List – Now is the perfect time to review your financial situation and adjust as needed. Sure, it may not be the most exciting to think about your budget when the beautiful weather is calling your name. But if you stay organized and tackle a couple of these key areas each month, you can easily and quickly maintain healthy finances year-round. Follow our simple steps to stay on top of your money matters and enjoy the rest of your summer with peace of mind.
  • What is Asset Allocation? The First Step to Protecting Your Portfolio – You’ve heard of it and have a general idea that it’s something you should be doing. But what is asset allocation, exactly? Asset allocation is the process of dividing the funds in your investment portfolio among stocks, bonds, and cash and equivalents based on your goals, timeframe, and risk tolerance. So, what is best for your financial situation and goals? Read on for a quick breakdown of:
    • Why it’s important and what to consider for your needs
    • How asset allocation works
    • The difference between the three asset classes

  • Time in the Market: Not “Timing” the Market – As an investor, you must understand how long you should stay in the stock market based on your long-term goals. Unfortunately, many make the mistake of focusing on short-term rewards, jumping in and out of the market quickly based on the performance of near-term events. Time in the market refers to your investment holding period for assets like stocks, mutual funds, and exchange-traded funds (ETFs). This could be days, weeks, months, years, or any time in between. So, how long should you hold your assets? Let’s take a closer look at best practices.

For more information, contact the Carlson Team today!

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