By Eric Parnell, CFA on June 21, 2023June 21, 2023 Great Valley Advisor Group is excited to present the second episode of our new video series featuring Chief Market Strategist, Eric Parnell, CFA. At under 3-minutes each, these bi-weekly videos are meant to provide concise observations on relevant economic indicators to strengthen your knowledge and understanding of current market trends. In this episode, Eric highlights the positive performance of the stock market over the last several months. Over the last month, we’ve seen a key breakout, moving back above the 400 day average. In the past, this traditionally has signaled the end of a bear market and the beginning of a bull market. However, we’re not in the clear yet, as the S&P 500 has increased rapidly over the past month, and we could experience some consolidation this summer. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Economic forecasts set forth may not develop as predicted.