Q2 2023 – Annandale Capital Quarterly Commentary

Financial markets often enter a lull as spring transitions into summer. Corporate news releases and trading volumes slow as individuals prioritize vacation over work. This quarter proved exceptionally quiet. Concerns about a regional banking crisis have subsided, and inflation has continued to moderate, leading to a slowdown in Fed rate hikes. Last quarter’s increase in initial and continuing unemployment claims reversed, and housing starts surged 18%, even with record mortgage rates. Against this backdrop, equity markets have appreciated, and volatility has plummeted. 

Download Q2 2023 Commentary

This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations. This is not an offer or solicitation with respect to the purchase or sale of any security.

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