The US market is so far performing well in 2023, with the S&P 500 and the Nasdaq indices up by 14.8 percent and 30.8 percent, respectively, year-to-date. This is in contrast to the poor performance of the Philippine market. During the same period, the Philippine Stock Exchange index (PSEi) was down 0.9 percent. However, there are many reasons why I am not convinced that the US market's strong performance is sustainable. One of the most important reasons is the heightened risk that their economy will enter a recession.

https://business.inquirer.net/406175/is-the-us-markets-strong-performance-sustainable

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