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Your First Hill Trust Company Weekly Bulletin September 26th, 2023


Topographical Lines.

Hello and Happy Tuesday,

The markets traded lower last week, led by the high-flying tech companies as Nasdaq was down over three percent.

Below is a link to a chart and commentary I found insightful from our partners at Goldman Sachs titled ‘Seeking Balance’. This chart highlights the disparity we have seen between top-performing domestic stocks and the rest of the S&P 500. As you can see, the median stock in the S&P 500 is up only 5% midway through September, even as the index is up 17%.