Market Update | July 2023

As we pass the midpoint of 2023, the market and economy are showing mixed signals about what might lie ahead. On one hand, the strong labor market, robust consumer spending, and a recent stock market rally—fueled by artificial intelligence enthusiasm—seem like reasons for optimism. On the other hand, liquidity is drying up, and market leadership has been confined to only the largest mega-cap companies. This economy and market have already shattered long-held patterns, and we expect more to come. In this video, CAPTRUST Chief Investment Officer Mike Vogelzang describes the signals investors are watching and what could be the best course to follow as the rest of the year unfolds.