The second quarter of 2023 saw strong returns from US stocks, moderate returns from international stocks, and slightly negative returns from the overall US bond market. The bond market did not crash as some pundits had feared. It was only down 0.84%.
Many tech companies rebounded during this quarter from a bad year in 2022. Although the YTD numbers from large US tech companies are strong, the 3 year numbers are much less impressive because they include the sharp downturn in this area of the global markets that happened during 2022.
