Effective Date: February 14, 2024
MARKET UPDATE SUMMARY
Following a strong performance in 2023, markets have seen a mixed start to the year. The S&P 500 has posted approximately 4% gain, while small company stocks, international stocks, and bonds have experienced slight declines. Our market outlook remains consistent with our previous update early January. We anticipate volatile and range bound markets in the first half of the year as investors anticipate potential Federal Reserve interest rate cuts and await the upcoming election. Based on various quantitative indicators we monitor, we expect the markets to finish positive for the year as a whole, with the majority of gains likely occurring in the latter half of the year. Portfolios are currently allocated in line with long-term targets, and no adjustments are necessary at this time. Click on the following link to view the entire market update video.