Hi Everyone! 👋

Welcome to the new members of @TheFundCFO crew! Every M/W/F, we bring you actionable tools, real-world experiences, and insider insights for #VC CFOs and fund managers, #LP investors, and general industry enthusiasts/people who want to learn :).

CFO Macro

In early January, we shared insights in #29 CFO Macro: 2022 vs. 2023. We looked back at 2022 and shared some notable predictions for 2023. We started our Monday macro series earlier in February (#37 on 2/6, #40 on 2/13, #43 on 2/20, #46 on 2/27 w/ a 5.5% rate prediction).

Markets are still performing well in 2023. On a weekly basis, the markets rebounded last week and logged a positive performance. The trend continued today, with the Dow & S&P notching slight gains and the Nasdaq dipping slightly.

Market Snapshot (Prices as of 4pm ET on 3/3/23; % YTD)

Top Macro Take From Last Week / Earlier Today

Dow closes higher Monday to notch four-day win streak

“Some tech stocks pushed higher, with Apple jumping nearly 2% after Goldman Sachs initiated coverage with a buy rating. The iPhone maker accounts for about 7% of the S&P. Alphabet and Microsoft also gained.”

CNBC

Macroeconomic Outlook: Last Week to the Future

What’s happening: Last week, CPI (Core Price Inflation) and PCE (Personal Consumption Expenditures) data came in above expectations. This means…

• People are still spending money 

• Inflation is not going down fast enough

Why people are worried: That means the Fed’s interest rate hikes are not working as quickly as intended, and they may have to increase interest rates again.

The Milk Road

That’s all for today folks! Thanks for your support and for spreading the word! Share this on Twitter or LinkedIn to help grow “the crew!”