Dear Clients and Friends of Kondracki Advisory,
Our year-to-date composite total return was 7.55% through June 30, 2023. The S&P 500 total return was 16.89% and the DJIA total return was 4.94%. Our equity position total return, currently 57% of total portfolio values, was 12.5%. Our performance this year has been very solid, and consistent. This is especially important, considering our considerable outperformance in 2022, where our portfolios were down just 2.90%, net of fees, while the S&P 500 was down 18.2% and the bond market was -13.02%.