Key highlights include:
- Economic Landscape: Slowing but stable GDP growth, with inflation nearing the Federal Reserve’s 2% target, lays a robust foundation for 2024.
- Labor Market Influence: Increased labor supply moderating wage growth and a surge in productivity, crucial for maintaining corporate profit margins.
- Equity Market Outlook: Anticipated 9-10% earnings growth in the S&P 500, driven notably by the Energy and Health Care sectors.
- Fixed-Income Strategy: Emphasis on higher-quality corporate bonds and adjusted durations to navigate the shifting yield landscape.
- 2024 Investment Approach: A commitment to a flexible, data-driven strategy, aligning with clients’ financial goals and risk profiles.
More from TWO THE POINT
- Two the Point — Market Marvels: The Magnificent RotationIn our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we explore recent market shifts and Q2 earnings season highlights.
- Two the Point — Falling Inflation, Growing OpportunitiesIn our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we discuss falling inflation and growing opportunities.
- Two the Point — The Federal Reserve Looks to Balance Inflation and GrowthIn our weekly video series, we highlight one observation we think is most important regarding the economy and the financial markets. This week we discuss the federal reserve looking to balance inflation and growth.