1st Quarter 2023 Market Commentary

Equity markets shrugged off the turmoil in the banking sector, with the S&P 500 returning 4.2% for the month of March and 7.5% for the full quarter.

Can’t you understand what’s happening here? Don’t you see what’s happening? Potter isn’t selling. Potter’s buying! And why? Because we’re panicking, and he’s not. That’s why. He’s picking up some bargains!
– George Bailey, It’s a Wonderful Life

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