To The Moon

We think the worst is over for investors.Megan Werner from JPMorgan said in mid-year outlook.Despite the likelihood of an economic downturn and a U.S. recession by the end of the year, the worst may be over for investors.We think that both stocks and bonds can continue to generate healthy returns for investors through the end of the year and into 2024.Looking Back1.Stock market: $S&P 500(.SPX)$ has recovered from its lows in October 2022 and is trading 15% higher.2.Economy: Profits and margins have decreased slightly, but sales are resilient, transportation and energy costs are lower, and the scramble for workers has eased.3.Sectors: Technology and communication services sectors have performed well in the S&P 500 this year, recovering from