As we officially put 2023 in the books, we would like to take the time to wish everyone a Happy New Year and hope for a happy, healthy and prosperous 2024. Key Takeaways: We highlight the good, the bad and the ugly of 2023 from an asset class perspective.
There has been a lot of tinkering to retirement plan rules the last few years. Here is what you need to know about the new rules going into effect in 2024 that could impact your 401k, IRA and 529 plans.
Key Takeaways: U.S. economy remained resilient despite stubborn inflationary pressures. Cracks may be starting to show in the labor market. Global equities surge on a growth/AI related frenzy. Treasury yields climb to multi-decade highs but on pace to end the year flat. Commodities broadly lower; crude oil in bear market territory.
Key Takeaways: Investors increasing calls for “soft-landing” scenario. Inflation still not at Fed’s 2% target. Consumers may not be able to keep up with higher prices for much longer. Higher interest rates for longer mean higher interest payments. Resilient labor market creates problem for the Fed.
As we look to close out what has been a good year for investors regarding performance and we make the mad rush through the holiday shopping season, we wanted to offer our wish list for 2024. In this weekly, we offer our traditional spin on the 12 days of Christmas song with some things we are hopeful for in the year ahead. We admit some of these are just wishful thinking (and highly unlikely) but in the spirit of the holidays it never hurts to wish!
Weak economic data and persistent geopolitical turmoil has done little to derail the global equity rally this month.