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The Market in Five Charts: June 2023

Converting Bears into Bulls: Current Market Strength a Good Signal

June 9, 2023 - A robust employment report and strong corporate earnings combined with the recent debt ceiling negotiations that took that fear of a default off the table have injected new life into the stock market. In the first 100 days of 2023, the S&P 500 returned 8.1%, and now that data is around 12%. “That continues to be a good start,” says Chief Global Strategist Rick Pitcairn in this month’s Market in Five Charts. “It’s rare to see markets have a weak back half of the year when they have a strong start.” But this is a tremendously narrow market led by a few big names.

 

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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.