2023 Q2 Review and Outlook – A Market of (Seven) Stocks

The positive momentum continued in the second quarter as stocks (as measured by the S&P 500 SPDR ETF – SPY) gained 8.7%. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) lost 0.9%, and a 60% stock/40% bond portfolio returned 4.8%.  Year-to-date (YTD), stocks returned 16.8%, bonds 2.3% and a…