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The Market in Five Charts: May 2024

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Pitcairn Insights

May 14, 2024

Valuations are rich, the technology sector has outpaced the energy and materials sectors, and a strong gold rally is normalizing. These are among the topics covered in May’s Market in 5 Charts with Chief Global Strategist Rick Pitcairn. He notes that markets generally do quite well in presidential reelection years, but that investors tend to overreact during presidential elections in the US. “We caution investors not to get too caught up in what’s sure to be an extraordinarily emotional election season,” Pitcairn says. “Let’s focus instead on rational things we can use history to capitalize on, the kinds of things that we can emphasize in a diverse portfolio that will lead long-term investors to success.”




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