The Market in Five Charts: July 2022
July 1, 2022 - A large amount of money flooded the stock market during the height of the pandemic. But now high inflation and persistent talk of a possible recession are dampening optimism about future market performance. Chief Investment Officer Rick Pitcairn says the next three to four weeks will be instructive as companies report their second quarter earnings and provide their outlook for the remainder of the year. “We're more at the beginning of this process than the end, which is why we've repeatedly said that we're not looking for some sort of V-shape stock market bounce back this year. We think it's going to take more time than that,” he says.