2024 - We’re Doing Just Fine

According to the Chinese Zodiac 2024 is the “Year of The Dragon”, a powerful and mystical animal that symbolizes wisdom, luck, and prosperity. A fitting correlation to how stock and bond markets have behaved, so far 2024 has been a good year!

Beyond the Dragon’s folklore:

• Current positive market trends are a sign of confidence in the global economy

• Positive corporate earnings prevail and central banks’ actions against inflation are having their intended effect

• Globally, we have prevailed through the global whipsaw effect that impacted economies through Covid-19

• So far in 2024, consumers have adapted to higher borrowing costs

• While the A.I. euphoria for a few central names like Nvidia has uneven returns, an optimist would say there are a lot of great quality companies whose share values are yet to be fully appreciated. Translation, this market could still have some legs.

• Actively managed, well-diversified portfolio principles remain intact and will serve investors well in the long-term.

“There will always be rocks in the road ahead of us. They will be stumbling blocks or stepping stones; it depends on how you use them.”

 -Friedrich Nietzsche