Investment Commentary

The Market in Five Charts: May 2023

Recession Fears Continue to Surface

May 8, 2023 - The uncertainty in the financial system that began in March continued in April as failures in the banking sector and the subsequent tightening of lending standards increased the odds of a recession, says Chief Global Strategist Rick Pitcairn. The more restrictive lending policies will hamper growth, he says in this month’s Market in Five Charts.

“With this kind of uncertainty in the market, we think investors should stay humble,” Pitcairn says. “Keep a diverse portfolio where you’ll have parts of it working, no matter how things turn out.”




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.