Prolonged Phases, Promising Prospects

Confidence has renewed in the market. Previous uncertain variables such as the Federal Reserve’s rate hiking trajectory, inflation outlook, and the economy have become more defined. Tailwinds have propelled risky assets, driving equity markets to another quarterly surge and back into a bull market.

Despite these positive signs, investors are not completely free from potential challenges. There can still be surprises from economic data and Federal Reserve actions. The future remains unpredictable, and adverse market conditions can swiftly catch unprepared investors off guard.

Our RiskFirst ® approach has proven its mettle, enabling us to deftly navigate some of the drawdowns experienced last year, while actively participating in this year’s rally despite the highinterest rate conditions. We are dedicated to our continued research for opportunities going forward in this new environment.