Newsletter Q1 2023

It was clear that the aggressive moves of the Fed to try to thwart inflation could lead to some unintended consequences. And in short order, the recent banking scare, albeit a marginally different beast than the financial crisis of 2008, has caused panic among investors and depositors. Only time will tell, but some type of recession (earnings and/or economic) is likely, while hope for a ‘soft landing’ seems to be fading.