The third quarter of 2023 showed losses in global equity markets. Investors were focused on inflation, the Federal Reserve, and corporate earnings.

The second quarter of 2023 showed strong returns in the global equity markets. Investors were focused on corporate earnings, which in a lot of cases, were better than feared. There was also a focus on the Federal Reserve policy moves, which appeared to have much less impact than prior quarters.

The first quarter of 2023 showed strong returns in the global equity markets, despite some turbulence in the banking sector. Investors paid close attention to corporate earnings, Federal Reserve policies, interest rates, and the impact on the banking industry.