By Joel Heymsfeld

Published October 11, 2023

All of us at Princeton Global hope you and your family are enjoying the cooler temperatures with the changing seasons. The financial markets also cooled off in September, which we analyze in our attached quarterly letter. Equity markets have climbed the “Wall of Worry” to maintain year-to-date gains. We recognize the dismaying geopolitical and economic challenges but still believe in the ability of our clients’ portfolios to prosper.

In our letter, we discuss:

  • The resilience of the U.S. economy and corporate earnings in the face of surging interest rates.
  • Balance is back! “Higher for longer” rates are not necessarily bad for future returns in stocks and bonds.
  • High-quality equity investments at reasonable prices and believe the market makeup is more attractive than in the past.
  • Fixed income yields look more appealing following the rise in rates, and we are slowly extending maturities in investment-grade bonds.

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



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