A Recap of Our Q1 2023 Market Review and Outlook Webinar

January 30, 2023


Earlier this week, Exencial’s investment team held a client webinar to recap last year’s market conditions and provide their outlook as we enter the first quarter of 2023.

To start, Chief Investment Officer Tim Courtney explained what certain broad economic indicators could tell us about a potential recession, including the yield spread, home prices and unemployment. He also weighed in on expectations for elevated inflation levels and whether the Federal Reserve will begin to cut rates. Finally, he urged investors to refrain from large asset allocation changes, if possible, to avoid timing risk.

Pete Trontis, Senior Portfolio Manager, then dives into his outlook on the equity markets, underscoring the earnings per share (EPS) growth we witnessed in 2022 and expectations for companies’ bottom lines this year. Senior Portfolio Manager Jeff Hibbeler then followed up with a discussion on the fixed income markets. He explained that fixed income assets are relatively attractive and discussed what investors should consider when deciding to invest in shorter term or longer term bonds.

Jon Burckett-St. Laurent, Senior Portfolio Manager, rounded out the presentation with an analysis of the options market. Jon discussed the positive economic trends we’ve seen since the lows in October, as well as possible negative and positive catalysts in the coming months.

If you have any questions about current market conditions, don’t hesitate to contact your Exencial advisor.



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