Market Update January 2023
Submitted by Corrigan Financial, Inc on February 28th, 2023Financial markets got off to a strong start to the new year, with January returns for global stocks and bonds reaching 7.17% and 3.28%, respectively. Declining interest rates pushed up bond values and also helped the tech-heavy Nasdaq Composite Index to a gain of nearly 11% for the month. Overall, investors remain optimistic that the Fed will soon pause rate hikes, and eventually even reverse course.
