Summer 2023 Investment Commentary
July 26, 2023
The first half of 2023 has concluded, and it is one for the record books. Despite seemingly countless reasons to be wary of the markets – regional banks collapsing, core inflation (excluding food and energy) stubbornly remaining above or near 5% and a debt-ceiling resolution being pushed to the 11th hour– the S&P 500 climbed over 16% on a total return basis to start the first half of the year.
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Founded in 1984, Pinnacle Associates, Ltd. is a forward thinking, multi-billion dollar investment advisory firm focused on transparency and putting clients first. We provide advice to individuals and families, institutional investors and other financial institutions.
