After a dismal 2022 for investors, the start to 2023 brought some green to the Market, not to mention a whole lot of rain to the Bay. It is Friday the 13th in the 2020s. We have to stay nimble and on our toes. You never know what's coming next…
Both stocks and bonds have been in rally mode. The stocks that got beat up the most last year have largely been leading the charge in this young year. The Dow and S&P logged back-to-back weekly gains. It has been nice to see this reversion. We don't think it lasts though. There's more work to be done in our minds to establish a defined bottom for the Stock Market. It's a process. We are prepared for more volatile price action in 2023, but we sure are enjoying this burst of green to start the year.
