1H 2023 Halftime Report
The first half of the year was a welcome reprieve from the carnage of 2022. The Fed is no longer in “crisis mode,” indexes have surged higher, and Wall Street is changing its tune on the possibility of a soft landing. Add it all up, and this could be the early innings of the next bull market. Although just a label, sentiment matters. Since the lows back in October, the gains from stocks and bonds are bringing optimism back into vogue. But if this is the next bull market, the playbook from the last one will likely be less effective. Every bull market is different, so it’s time to think fresh and formulate a new approach.