As we approach the end of another remarkable year, I wanted to take a moment to reflect on our journey through the financial markets in 2023. It has been a year filled with unexpected twists and turn, yet your trust in our partnership has been a steadfast beacon guiding our endeavors.
The financial markets have continued to be dynamic and unpredictable, presenting both challenges and opportunities. Despite the fluctuations, your confidence in our strategies and the dedication of our team have enabled us to navigate these waters with resilience.
Your trust and support have been the cornerstone of our success. Your referrals have not only been a testament to your satisfaction but have also allowed us to expand our community and clients who share similar values and ambitions. For this, we are immensely grateful.
In the midst of market volatility, it’s our commitment to serving your financial needs with integrity, expertise, and personalized attention that remains unwavering. Your confidence in us inspires us to continuously strive for excellence in all that we do. Thank you.
As we anticipate the year ahead, we are excited about the prospects and challenges it my bring. Rest assured, we will continue to analyze, strategize, and work tirelessly to safeguard and grow your investments.
Earnings:
Analysts are projecting earnings growth of 6.2% in the Q1 of 2024, 10.5% in Q2 2024, 8.7% in Q3 2024, and 18.1% in Q4 2024. They expect 11.5% earnings growth for the full year 2024. (Factset Earnings Insight)
The FED:
Following the FED’s dovish signaling, our economists now expect the FOMC will cut the policy rates sooner and faster than previously anticipated. Their revised rate forecast assumes consecutive 25 BP cuts in March, May, and June followed by quarterly rate cuts that will place the policy rate at 4-4.25% at year- end 2024. (Goldman Sachs Weekly Kickstart 12/3/23)
We believe we are still in a Secular Bull Market with many years left in its path. If that changes, we will adjust. As we’ve emphasized in our prior conversations, stocks are in a long -term upward trend, and that trend is incorporated into your financial plan, but stocks don’t rise in a straight line. Be prepared for setbacks and use those as opportunities to add to equities when appropriate.
Lastly, I want to extend my deepest gratitude for your trust and for entrusting us with your financial aspirations. Your confidence in our services means the world to us, and we look forward to continuing this journey together in the coming year.
