After the S&P 500 posted a 19% loss in 2022, economists forecast a recession just over the horizon. Yet, the S&P 500 soared 19% during the first seven months of 2023, peaking in July, before giving up roughly 8% of those gains through October.
The price performance of the bond market was just as volatile when interest rates continued to climb to highs not seen in well over a decade. The rapid rise in interest rates sent bond portfolio values lower.
Financial markets have proven, yet again, that they can be unpredictable. Here are some tips to plan for the years ahead while navigating volatile markets and higher interest rates.
You can read the full article by Senior Portfolio Manager, Director of ESG Strategies Andy Drennen in the Springfield Business Journal. Shared with permission from the Springfield Business Journal.
Click here for more information about Simmons Bank Private Wealth Management Services.
The views and opinions expressed in this article are those of Andy Drennen and are not endorsed by, and do not necessarily reflect the views of, Simmons Bank. Simmons Bank does not provide tax, accounting, or legal advice.