CIO Insights

Happy Birthday, Mr. President

George Washington’s birthday, one of eleven permanent holidays established by the US Congress, is celebrated annually on the third Monday of each February. A day of rest is granted to many citizens, and the mood is often cheerful, celebrating the life and legacy of our first president and the man who still graces the front side of the mighty US dollar bill.

New Year, New Market

If December capped a disappointing end to a dreadful year, January sparked the hope for better days ahead in 2023. The first month of the new year saw positive returns for stocks and bonds, flipping the script from 2022, where both risky and safe haven assets fell in tandem and there were precious few places for investors to hide.