August 2023 Newsletter | Valuations Have Likely Peaked, Will Earnings Start Helping?

Summary

• The market continues to rip on better than expected economic data and market euphoria surrounding AI.

• Interest rates have moved a bit higher as the Fed raised rates again- perhaps for the last time?

• Bonds continue to look better and better, even as the likelihood of rate cuts get pushed back (now they are not forecasted until May 2024).

• Locking in y…