Your Monthly Guide to the Markets and Your Wealth

January 9, 2024 - Vol. LVI

Shifting Tides?

"The beginning is always today."

- Mary Wollstonecraft Shelley

Markets finished the year on a high note. Steady economic growth surprised many (not us), and a dovish shift in Fed posture spurred a rising tide that benefitted stocks and bonds alike. We continue to believe the themes that dominated the year, from historically concentrated markets to the sharp tightening of financial conditions, are shifting. How will these shifting tides impact the markets' momentum? How should investors be positioned to start the New Year? As always, we defer to our technical, fundamental, and macro disciplines to assess the risks and guide our outlook. Click to read the full January BakerAvenue Prudence Indicator (BAPI) commentary and view the market update video from BakerAvenue’s Chief Investment Officer, Doug Couden, CFA.

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