Flower City Capital Newsletter Fall 2023

Flower City Capital

Time for some myth busting.

Overall, 2023 has been a pretty good year for financial markets. The economy is strong and inflation is coming down. It made sense to be more conservative in 2022 given the unprecedented rise in interest rates and historically high equity valuations. Now our portfolios are slightly risk-off, and as markets continue to normalize we will progress towards more neutral positioning.