2024 Outlook – January 8, 2024
Following the September/October market downturn, 2023 ended with very strong November/December returns for both stocks and bonds, capping off an unusual year for the capital markets. From their October lows, the S&P 500 rose over 15% and US Aggregate Bond Index over 9%, while the 10-year US Treasury yield fell sharply from 5.0% to 3.9%. While the ups and downs we experienced are a normal part of the investing journey, the wide disparity in performance between different types of companies…