Q4 2022 closed with refreshingly positive results, despite one final downturn in December amidst bleak market sentiment. Both sentiment and the resulting negative positioning were a bit disconnected from fundamentals as the year ended, so 2023 shot out of the gate to a solid start. Nonetheless, we have a long distance yet to run if we are to fully close the gap left from 2022.

This link is to a PDF containing our Q4 2022 Market Recap, Performance Review and Near-term Outlook. This Recap incorporates a broad review of global markets, including a series of directly comparable, globally diversified, balanced portfolio benchmarks constructed by iShares (by Blackrock). The commentary and performance information, coupled with the tabled data will, hopefully, help each reader evaluate their own portfolio performance in proper context with just a few numbers.

As always, I am available at any time, any day of the week, to discuss specific portfolio performance questions with all clients.

A.J. Walker, CFA CFP®
Founder, President, and CEO

Lake Jericho, LLC