2023 1st Half Market Updates

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Now let us talk about what has happened in the markets over the last 6 months.

I will be breaking this update into 2 distinct parts; the first part will revolve around the price behaviour of the S&P500 and Asia Equities while the second part will dive into three big themes that occurred in the first half of 2023 that are worth keeping an eye on.

What Happened in The Markets

In terms of price behaviour, the first half of 2023 has been a roller coaster ride with both the S&P500 and Asian Equity experiencing massive run-ups in prices only to come back down in the first quarter of 2023.

Year to date, the Asian market is seen to be trading sideways despite being undervalued while the S&P500 has been trending up despite being overvalued.

In my opinion, the bulk of the price movement can be attributed towards investor sentiment as opposed to fundamentals.