The new year’s rally provided only brief relief with February inflation data and commentary unraveling January gains. Markets were down across major indices while positive economic data and a hot labor market proved problematic for the Fed’s fight against inflation. Whether or not a recession happens is still open to debate given there are no signs of the labor market cooling.
Read our February 2023 briefing where KAR CIO Doug Foreman provides an overview of recent market activity and his outlook.
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.