Thought Leadership


The Market in Five Charts: January 2024

What A Difference A Year Makes

January 16, 2024 - A year ago, the consensus for the market was negative. Most economists and investment managers saw a recession coming. But the market and the overall economy surprised us all, says Chief Global Strategist Rick Pitcairn in this month’s Market in 5 Charts. Indeed, U.S. stocks ended 2023 strongly with December among the top 10 of all months in the last 40 years. “The sentiment and momentum indicators right now are quite strong,” Pitcairn says.

 

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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.