Happy 2024!!!
Some years it just feels better to begin again with a clean slate. It’s finally snowing in the Northeast, and I love snowy winter days. I hope you are having a good start to 2024 whether you are in a cold climate or down in the warm, sunny south.
We got through 2023 without a recession (impressive) and, yes, I still believe we are on our way to a recession, but it continues to appear that it will be a mild one. The market has begun to look beyond any kind of slowdown and we had a strong finish to the past year in both the stock and the bonds markets. I do not believe we are out of the woods just yet. For the next few months, I suspect we will experience market turbulence and mixed economic numbers. So, before we move into the next bull market and the next economic expansion, we will stay vigilant on your behalf.
2024 should be full of interesting subjects, surprises (both good and bad), an election, possible FED interest rate cuts, continued geopolitical unrest, you know, the usual. But we are moving towards recovery and I, for one, think that companies and their stock prices will get past this bear market and begin to see better days so the market won’t keep having to rely on 7 major companies to do the heavy lifting.
There is one announcement that we are very proud of and would like to share with you. Anka and I celebrated our 10th anniversary since joining Steward Partners in December! It has been a terrific 10 years and we enjoy coming to work each day, working with all of you and we appreciate your support!
Thanks for your time and enjoy football playoffs, a crackling fire in your fireplace and brisk winter walks.
Chris Reaney, CFP®
Founding Partner
Managing Director
Steward Partners Global Advisory
603-427-8859 (office)
603-944-0873 (cell)
844-572-4435 (toll free)
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