Another record-breaking sales quarter is in the books. With $178.8 billion traded, second-quarter volume was up marginally from Q1 and 18% from one year prior. In addition, the past four quarters have seen a combined $905.2 billion in sales. However, it’s important to note that the market is at an inflection point. Buyers and sellers are still adjusting to higher borrowing costs. Once the market settles, investors will be able to price the cost of debt more confidently. Persistent inflation, geopolitical risks, and a slowing U.S. economy are headwinds investors are grappling with today. However, job growth has been resilient, supporting the potential for a soft landing economically.
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