Large Cap Balanced Commentary 1Q24
4-18-24
MARKET OVERVIEW:
Economic growth remains robust driven by strong labor markets, increased productivity and investment, and continued fiscal spending. Inflation, while trending lower, remains stubbornly high, calling into question the anticipated Federal Reserve interest rate cuts. Financial markets face a myriad of challenges this year, but currently economic growth is not one of them. Election years, even with economic and profit growth, generally bring a high degree of volatility. With stocks elevated, the path for rates holds significant implications moving forward.
As such, our recommended allocation remains 60% equity and 40% fixed income.
