The Investor Insight - January 2024

As we closed out 2023, the markets reacted to the positive news that the Fed had finally pivoted from its rate hike cycle to holding rates steady and making cuts in 2024. In fact, at his last 2023 press conference, Fed Chair Powell said there could be up to three rate cuts in 2024. In my opinion, given the weakening backdrop of consumer spending, which is 70% of US GDP, we are likely to see more than three rate cuts in 2024. But when? That is the question that has been on investors’ minds as the markets sold off approximately 5% in the first few days of the new year. Will it be March, or June?

What’s Inside?
- Q4’23 Commentary and 2024 Outlook
- What Lies Ahead?