Q2 Triumph: Surging Markets Beat Odds with Easing Inflation & Positive Earnings

Casual Friday: Financial Insights

English - July 07, 2023 07:00 - 13 minutes - 9.1 MB - ★★★★★ - 1 rating
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Previous Episode: Casual Friday 6/30: Fed, Debts & Deficits, and Pickleball Injuries

Next Episode: Casual Friday: S&P 500 Weighting, Credit Cards, Saizon & Fresno Bashing(?)

This week Brian reviews the first half of 2023 and discusses how it was a bit of a shocker for investors and analysts, as the S&P 500 powered through, giving an impressive 8.7% return in the second quarter, inclusive of dividends. This surge set up a first-half gain of a whopping 16.9%, which hasn't been seen since 2019. Meanwhile, the Nasdaq skyrocketed to a first-half gain of more than 32%, a feat not seen since 1983.