f1RST word on the market, may 2023

While excess liquidity remains abundant, its trajectory is dramatically changing with an inverted yield curve an important tell. Read more about the impact of the latter and why it’s more than just a “signal” for the economy. In short, excess liquidity has kept the music playing but risk-playing investors might find themselves eventually out of step.

Discover more below with Yellow Cardinal Advisory Group’s market update piece. Sign up to stay informed and receive the f1RST Word on the Market monthly.