By Joel Heymsfeld

Published July 13, 2023

As we l find ourselves at the year’s midpoint, we all at Princeton Global hope you and your family are making the most of the summer season. In the same spirit, we have each posted our personal summer plans to the Princeton Global website. If you’re at all curious about what we do when we are not staring at computer screens, click here.

Our attached quarterly newsletter details the current investment environment and our analysis of the past six months.

In the face of pessimism, equity and fixed income markets have had a solid start to the year, and recent economic data and market action firmly support the “Bulls.” We remain constructive on global equities and fixed income returns while remaining vigilant with uncertainty persisting. There is (still!) a high degree of market skepticism and a tremendous amount of money on the sidelines, which should support future gains.

  • We explain the surprising resilience of the U.S. economy and the favorable backdrop for the markets. It was a relief not to spend a paragraph on inflation minutiae this quarter!
  • The first half of 2023 reaffirmed “nobody knows nothing” about short-term market forecasts, supporting our advice to plan and stay the course.
  • Yes, market leadership has been narrow, but that necessarily isn’t bad. We expect more participation trophies in the future.
  • Fixed income looks attractive again. Short-term bonds are never exciting, but they provide an important boost to balanced portfolios.

Please contact us if you want a copy of the entire letter.


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