Welcome to “A Piece of the Puzzle," where we take a moment to provide our thoughts on what we can expect in markets and the economy during the upcoming month.
In this new series we want to highlight the latest in investment thoughts in an informative and entertaining format.
In today’s article, we’ll take first take a look at 2023 and then use those insights into positioning for the rest of 2024.
Instead..
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2023 was supposed to be the year of a likely recession. That did not happen. In fact, the U.S. economy proved remarkably resilient and global stock and bond markets were able to shake off a host of uncertainties to post strong gains for the year; unlike 2022, when virtually every asset had negative returns.
What a difference a year makes. The 4th quarter was aided by a powerful year-end rally as U.S. stocks (S&P 500) jumped nearly..
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After a strong first half of the year, global equities faced several headwinds in the third quarter. Oil prices surged nearly 40% between mid-June and late September; Treasury yields have pushed to new cycle highs as the Federal Reserve has maintained a restrictive policy stance, which in turn has boosted the U.S. dollar. The S & P 500 Index reached a 2023 high at the end of July, but from its intra quarter high the index declined..
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