Mixed Results for US Stocks in Q1 2023

US stocks bounced back in the first quarter of 2023 despite a banking crisis, cryptocurrency meltdowns, and economic uncertainty. The S&P 500 ended the quarter up 7%, while the Nasdaq soared nearly 17%. Bond prices rose as investors bet that the Federal Reserve won't raise rates as high as previously expected due to the banking crisis. However, rising prices remain a key factor driving markets and could cause turbulence ahead. Investors say it's too early to celebrate a Fed victory against inflation.