Boy, are we glad to put the debt ceiling fiasco behind us!

Markets have started to gain steam, both from the resolution of the debt ceiling, but even more because of the continued emergence of AI as an investment theme.

In this week's Jarvis® Update, we cover the new market dynamic we seem to be seeing, especially in the world's largest growth stocks.

From there, CEO Noland Langford and Director of Research, Brian Dress, discuss the massive divergence we are seeing in performance between the world's 10 biggest companies and everything else. The S&P 500, a market-weighted index, is up more than 10% Year-to-Date, while the RSP, the equal-weighted S&P index, is up just a fraction of a percent. We give you our thoughts on whether this dynamic will continue.

We are starting to become more bullish on both the stock and bond markets and we are as optimistic as we have been in some time. If you are still sitting on cash in the bank, now is the time to get invested, as we expect a strong market in the second half of 2023. Reach out and we can set up a time to talk in more detail!

Topic 1: Market Divergence is Getting Extreme

Topic 2: Artificial Intelligence Dominates the Conversation

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