{"id":2113,"date":"2024-01-26T21:33:26","date_gmt":"2024-01-26T21:33:26","guid":{"rendered":"https:\/\/www.gunderwealth.com\/?p=2113"},"modified":"2024-01-28T00:19:03","modified_gmt":"2024-01-28T00:19:03","slug":"whats-in-store-for-2024","status":"publish","type":"post","link":"https:\/\/www.gunderwealth.com\/whats-in-store-for-2024\/","title":{"rendered":"What’s in Store for 2024"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Section” _builder_version=”4.16″ da_disable_devices=”off|off|off” global_colors_info=”{}” da_is_popup=”off” da_exit_intent=”off” da_has_close=”on” da_alt_close=”off” da_dark_close=”off” da_not_modal=”on” da_is_singular=”off” da_with_loader=”off” da_has_shadow=”on”][et_pb_row admin_label=”Row” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_image src=”https:\/\/www.gunderwealth.com\/wp-content\/uploads\/2024\/01\/Untitled-design-3.png” alt=”2024 market economic outlook” title_text=”2024 market economic outlook” align=”center” force_fullwidth=”on” align_tablet=”center” align_phone=”” align_last_edited=”on|phone” _builder_version=”4.23.4″ max_height=”800px” global_colors_info=”{}”][\/et_pb_image][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” collapsed=”off” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.23.4″ ul_line_height=”1.7em” header_line_height=”1.5em” header_3_line_height=”1.5em” background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Have you asked (or wondered): When\u2019s a good time to get into the market? The market seems hot; is it time to get out? What’s in store for 2024? Should we prepare for a recession this year?<\/p>\n

We don\u2019t time the markets, and we certainly don\u2019t pretend to know what will happen. Even though we\u2019re well-versed in the economy and market conditions, no one knows what will happen; 2023 was a perfect example of that! It\u2019s our job to stay current and construct diversified, cost-conscious, and tax-efficient portfolios.<\/p>\n

From negative to positive<\/h3>\n

Before we address our outlook for 2024, let’s\u00a0 look back at the last couple of years. If you love getting into the details, review our commentary below.\u00a0 Alternatively, skip the read and check out the chart at the end, illustrating the disparity in asset class performance between 2022 and 2023.\u00a0 For example, a balanced portfolio returned a negative 14.4% in 2022, followed by a positive 15.3% in 2023!<\/p>\n

Even though \u201cstaying the course\u201d may not resonate with your urgency to DO SOMETHING, for the investors that did precisely that, the market rewarded them.<\/strong><\/p>\n

Let\u2019s review 2023<\/h3>\n

2023 marked an inflection point for markets with solid gains across stocks and bonds. The S&P 500, Dow, and Nasdaq generated exceptional returns of 26.3%, 16.2%, and 44.7%, respectively, with reinvested dividends. The S&P has come full circle and is now only a fraction of a percentage point below the all-time high from exactly two years ago. The U.S. 10-year Treasury yield climbed as high as 5% in October before falling to end the year around 3.9%, pushing bond prices higher in the process. International stocks also performed well, with developed markets returning 18.9% and emerging markets 10.3%.<\/p>\n

What drove these results? The most important lesson of 2023 for everyday investors is that news headlines and economic events don’t always impact markets in apparent ways<\/strong>. Last year’s positive returns occurred despite historic challenges, including:<\/p>\n