Your Monthly Guide to the Markets and Your Wealth

July 11, 2023 - Vol. L

Resilient Economy, Nervous Markets: Rounding the Bend

"Well done is better than well said."

- Benjamin Franklin

The market advance extended into the halfway point of the year with resilient economic growth, and we suspect a healthy dose of FOMO (fear of missing out), leaving the frustrated bears in the dust. The worry list remains long, justifiably so. However, if the last six months taught investors anything, it’s that the less discussed optimistic scenarios should not be overly discounted. Good first halves tend to be accompanied by further gains. Can the re-rating continue? As always, we defer to our technical, fundamental, and macro disciplines to assess the risks and guide our outlook. Click to read the full July BakerAvenue Prudence Indicator (BAPI) commentary and view the market update video from BakerAvenue’s Chief Investment Officer, Doug Couden, CFA.

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Halftime Live Webinar:

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July's CNBC Interview:

Broadening?

View the Closing Bell interview with King Lip, Chief Strategist, as he discusses the second half setup for tech and if this year's rally is sustainable.  

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