April 2023 Newsletter Vol. 1 Issue 1

Summary

The end of March saw Core PCE numbers come in lower than expected, but still showing inflation at twice the rate of the Fed’s 2% target. The US 10 yr. interest rate closed exactly at 3.50%, and the market saw the end of Q1 equity portfolio window dressing as $'s flowed back into equities. Nasdaq is up by approximately +17% YTD, and the often reliable Fear & Greed Index — which tracks what sentiment and emotions are driving the markets — is now back to neutral.