Carbon County’s retirement portfolio is performing decently in a very volatile market, the county’s investment manager said.

On Thursday, the retirement board welcomed Sarah Wilson, vice president of Marquette Associates, provided the board with a second quarter update, as well as an overview of the markets and where the company anticipates them going moving forward.

“You’re well diversified (but) I think it’s going to be a hard, hard next 12 to 18 months,” she said. “If the market finds its feet, meaning if it was just a little negative, we would almost be happy with that, we look at what’s going to happen with the Fed and we know what the Fed’s going to do.”

She said it’s going to all depend on how the market reacts to further Fed action to offset inflation.

“I think you’re going to see some up months and you’re going to see some down months,” Wilson said.

Carbon County’s retirement portfolio, which covers the cost of pensions for county retirees, stood at $84,212,784 as of Friday, down from the $98.8 million it had been at the end of 2021, but rebounding from the end of August, when it stood at $83.2 million.