"The Sky is Falling?" - SIA Perspectives 2Q23

"The Sky is Falling?" - SIA Perspectives 2Q23

July 28, 2023

With this SIA Perspectives’ review of key events, we are pleased to report a third straight quarter of gains for global stock markets despite a great deal of uncertainty during the past three months. 

While many pundits claimed, “the sky is falling!” and that a recession in the U.S. was imminent, SIA maintained our investment discipline.

This time-tested discipline prevented making emotional decisions during last year’s volatility. The results over the past nine months show the power of the rebound in financial markets. During this period, major broad stock market benchmarks in the U.S. and internationally moved higher by approximately 25%. Many broad bond market indices moved higher by 4 - 5%*.

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