The uncertainty of financial markets continued in July as investors worried about the future of interest rates, inflation, and the risks of recession. But despite the uncertainty, public market sentiment rose higher with broader equities and fixed income closing the month with solid gains. WealthCo’s composite balanced portfolio posted a monthly return of 3.8% as outlined below:
The road ahead for both public and alternative markets will likely continue to be volatile as inflation updates continue to be released. At the time of writing (August 25, 2022), broad sentiment appears to be tilted toward a quicker reduction in inflation than perhaps was earlier anticipated which would temper how high and how fast short-term interest rates rise. Such a result would certainly be welcomed by investors across multiple asset classes.