Published April 7, 2023
Below, Schwab’s research group offers its quarterly outlook after a choppy first quarter that ultimately saw a strong rebound in megacap tech stocks while small-cap stocks went nowhere.
“There’s an old saying about Federal Reserve tightening cycles: The Fed “tightens until something breaks.” Cracks emerged during the first quarter of this year, as rising rates, tighter lending conditions, and shrinking liquidity weighed on economic growth. The banking system turmoil that emerged near the end of the quarter was an unsettling addition to investor concerns. (more…)