2023 was full of surprises for investors. Some of the most heard predictions for the year actually never materialized at all: a recession in the US and other developed markets, the death of fixed-income as a valid asset class, sticky inflation and a rebound in China. Instead, investors enjoyed some positive surprises. Stocks rose handily, led by technology, communication services, and consumer discretionary stocks. Bonds also rose. So, after last year’s pretty exceptional performance, what can we expect for 2024?
We covered all of this and more in 2024’s first edition of Money with Murphy