The Investor Insight | July 2023

Equities in the first half of 2023 continued to disconnect from a worsening economic backdrop as profit warnings and rising rates dealt a blow to soft-landing scenarios. Growing corporate profit warnings (especially from consumer-facing companies) and the seemingly resilient markets could be sowing the seeds for fragility down the line. The most expected recession in history is still not upon us, but many economists currently believe that recession will come, when the lag effects of the most aggressive Federal Reserve rate hikes in history eventually start to take hold.

What’s Inside?
- Midyear Market Commentary
- 5 Ways to Lower Taxable Income