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The Market in Five Charts: Anomalies Make it a Tricky Time to Make Market Bets

June 24, 2021 - Is inflation transitory? The Federal Reserve, along with bond and equity markets, seem to think so. Just last week, Fed Chairman Jerome Powell expressed comfort in navigating short-term inflationary shocks to maximize employment amidst the US economic recovery. 

How should investors feel? In this month's The Market in Five Charts, Chief Investment Officer Rick Pitcairn assesses:

  • The Fed's thoughts on short-term inflation
  • The bond market's reaction to inflation concerns
  • The equity market's continued climb amidst some weakening fundamentals
  • A market with many anomalies and few predictive indicators
  • An economy driven by ingenuity—with a "Boom" for the future of air travel

 

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About Pitcairn

Pitcairn is a true family office and leader in helping families navigate the challenges and opportunities created by the interplay of family and financial dynamics. Through Wealth Momentum®, an experience-based family office model, Pitcairn helps families achieve a more effective and complete experience. Since its inception, Pitcairn has partnered with some of the world’s wealthiest families to meet their needs and drive better outcomes – year to year, decade to decade, generation to generation. Today, Pitcairn is recognized as an innovator, guiding families through generational transitions and redefining the industry standard for family offices. The firm is located in Philadelphia, with offices in New York and Washington, DC and a network of resources around the world.