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May 1, 2023 | Hoisington Review and Outlook First Quarter 2023

Danielle Park

Portfolio Manager and President of Venable Park Investment Counsel ( Ms Park is a financial analyst, attorney, finance author and regular guest on North American media. She is also the author of the best-selling myth-busting book "Juggling Dynamite: An insider's wisdom on money management, markets and wealth that lasts," and a popular daily financial blog:

Hoisington Investment Management’s First Quarter 2023 Review and Outlook is now available; see Financial Cycles lead Business Cycles. The bottom line is that (lagging) inflation is receding with economic activity. Rising unemployment and higher government bond prices (falling yields) are par for this course as riskier assets keep losing lift.

“…with low or declining economic activity, the inflation rate will continue to recede. Further progress will be made in terms of moving consumer inflation into the Fed’s target zone in 2024. Therefore, with the historical pattern of the financial, GDP and price/labor cycles proceeding on its well documented path, this year’s decline in long-term Treasury bond yields is expected to continue.”

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May 1st, 2023

Posted In: Juggling Dynamite

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