Is Big Tech Back?

Is Big Tech Back?

2Q 2023 Market Review

July 11, 2023

U.S. equities continued to climb in the second quarter with the S&P 500 Index advancing 8.74% for the quarter, while international equities and emerging markets experienced modest growth. We believe inflation data continues to head in the right direction and is likely to persist over the next 12 to 18 months, potentially setting the stage for little to no further short-term interest rate increases from here.

In our Q2 2023 Market Commentary, KAR CIO Doug Foreman, CFA reviews market performance for the quarter and implications for investors. He also explores the rising interest in artificial intelligence and its potential to reshape industries.

Download our Q2 2023 Commentary.

You can also listen to our Q2 analysis in Episode 222 of our stock market podcast, Kaynecast.

This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.  Past performance is no guarantee of future results.

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