2023 Q2 review: Stocks back in bull market territory

Following on from a dismal year for investors in 2022, in which stock markets recorded their worst annual losses since 2008, the new year has been much more positive for equity investors.

Over last quarter, markets shrugged off worries around the collapse of Silicon Valley Bank (SVB) and built on gains made in Q1 to end the period back in bull market territory (up 20% from their lows). The risk-on tone of last quarter has not spread as widely to other risk assets though, with commodities and property remaining in negative territory for the year.

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