LC Investment Playbook Monthly Update June 2023

Spot Light

• Equities & Bonds Yield Less Than Treasuries

‍ Market Updates

• The Fabulous 7

• Valuations are Overall Expensive

• Equities Volatility Falls To Pre-Pandemic Levels

• Stress At The Edges

• Investors Are Giving Up On Fed Rate-Cut Bets

• Lead Indicators Suggest 3% Inflation By Year-End

• Global GDP To Remain Soft In 2024