Market Commentary

We understand that financial planning isn’t always top of mind – but it is for us! Read our commentary to learn Marshall's perspective on the latest financial trends and changes.

Wealth IQ

by Adam Reinert, George Evans II, & Sean Dann

Marshall Wealth IQ is aimed at sharing insightful financial market and economic data in easy to visualize charts with brief analyses. This commentary isn’t designed as a call to investment action, but rather as a source to help you feel better informed about current events in today’s market and the underlying trends impacting current wealth.

Wealth IQ | December 2023

Markets are on track to have a better 2023 than many expected when the year began. S&P 500 returns were led by a recovery in technology stocks, which bounced back after a difficult 2022.

However, equity market performance was not equally distributed, with a significant portion of returns attributed to just seven companies (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla). In the bond market, the Barclays US Aggregate Bond Index seesawed between gains and losses as interest rates fluctuated. Within the economy, a vibrant US consumer helped keep the country out of recession, while inflation moderated from 6.5% in December 2022 to 3.1% today.

It’s impossible for anyone to know with certainty what will happen today, tomorrow, or even a minute from now. Investment involves risk and volatility; it’s why long-term investors have historically been rewarded with excess returns relative to cash. Our investment department monitors market data and works with our wealth advisory teams to right-size portfolios should something change relative to long-term trends. In the meantime, we’ll continue to share financial and economic data we believe is insightful and relevant to your wealth to help you feel informed.

Thank you for reading; please be well and stay healthy.




Chief Investment Officer & Chief Operating Officer

Chief Investment Strategist

Research Analyst


Marshall Financial Group, Inc (“Marshall Financial”) is an SEC-registered investment adviser with its principal place of business in Doylestown, Pennsylvania.   This newsletter is limited to the dissemination of general information pertaining to Marshall Financial Group’s investment advisory services.  Investing involves risk, including risk of loss.  References to market indices are included for informational purposes only as it is not possible to directly invest in an index. The historical performance results of an index do not reflect the deduction of transaction, custodial, and management fees, which would decrease performance results. It should not be assumed that your account performance or the volatility of any securities held in your account will correspond directly to any comparative benchmark index.

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