Market Matters: June 30, 2023
Performance was mixed in second quarter as several crosscurrents painted an uncertain outlook.
Performance was mixed in second quarter as several crosscurrents painted an uncertain outlook.
Risk assets generally declined in May, with real assets posting the lowest returns across broad categories.
Risk assets generally advanced in April.
Risk assets continued to rebound in first quarter, led by global equities, which have gained 15% since their recent trough last October.
Risk assets broadly declined in February, reversing some of the rally from the last several months.
Risk assets broadly advanced in January, continuing their fourth quarter rally after a difficult 2022.
Risk assets closed a tumultuous year on a positive note in fourth quarter.
Asset markets broadly advanced in November. The global equity rally continued as surging Chinese shares helped broader emerging markets outpace developed peers.
Risk assets rallied in October. Global equities recovered some of their steep third quarter losses, as developed markets topped emerging counterparts.
Risk assets declined again in third quarter. Global equities recorded the worst three-quarter decline since the 2008–09 Global Financial Crisis.