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2023 Market Outlook

Equities slumped in September, with all three major U.S. equity indices posting their first quarterly losses for the year. Weakness from the July highs were primarily tied to Wall Street coming to grips with the Federal Reserve’s messaging of higher interest rates for an extend period. While keeping rates unchanged at 5.25%-5.50% at their September FOMC meeting, Fed Chairman Powell said policymakers forecast one more rate hike in 2023 with no rate cuts expected until later in 2024. The Fed’s quarterly updated “dot-plot” rate outlook revealed only a cumulative median forecast of 0.50% in 2024 rate cuts versus their prior July outlook for 1.00% in rate cuts. Treasury prices were notably weaker as the benchmark 10-year Treasury yield advanced nearly 0.90% during the third quarter to briefly touch its highest since 2007, before easing slightly at month end.

2023 Third Quarter Market Outlook 

Cetera Investment Management has released its 2023 Second Quarter Outlook titled, “Preparing to Land.” In this outlook, they discuss the impact of the Fed’s rate hikes which are showing up in the banking sector and other areas of the economy. The Fed will likely pause its rate hikes soon and investors are debating what the economic landing will be. Will it be a hard landing (deep recession), soft landing (mild recession) or will it even land (no recession). They outline why they continue to think it will be a soft landing.

2023 Second Quarter Outlook

After a turbulent 2022, investors are looking forward to a new year. Check out our 2023 market outlook for an expert analysis of what may be in store for the markets and economy next year – and a look at why low expectations are easier to beat

2023 Market Outlook

Cetera Investment Management has released its 2023 Mid Year Market Outlook titled "Climbing a Wall of Worry" this outlook goes over concerns on the stock market rally – and a look at market volatility and the U.S debt ceiling. 

2023 Mid Year Outlook