Happy New Year!!
As we usher in the New Year, our entire team extends our warmest wishes to you and your families, filled with prosperity and joy. We are extremely grateful for the trust and confidence you have placed in our team.
We highly value ongoing research and insights. Each and every year we collectively read as much as possible to get up to speed on market trends and financial planning topics to provide each of you with personalized financial solutions.
One of the more critical types of research reports we lean into each year is The Outlook, by LPL Research. Below you will see the high-level overview and hyperlinks to the actual report if you desire to dig into the weeds. Please let us know if you have any questions as it relates to your particular situation. We will be putting these insights into action as the year progresses. We look forward to another year of collaboration and shared success.
In 2024, LPL Research believes markets will make a definitive turn to a more recognizable place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is going down. The risk of a recession is bubbling up again as the effect of post-pandemic stimulus wanes. And the end of the Federal Reserve’s (Fed) rate-hiking campaign is indeed upon us.
Where the last two years had investors focused on inflation, market volatility, and striving for a sense of economic balance, we now can expect to see some return to the previous status quo—that is, a less-stringent Fed, normalizing inflation, and a slower growth environment. We’ve seen indications of this reset—receding inflation, rates stabilizing, more modest equity market performance, and go-forward economic forecasts that have been dwindling. From LPL Research’s perspective, this turning point for the markets and economic landscape can be characterized as a return to familiar economic and market patterns, leaving behind the volatility of policy and economic swings experienced in recent years, and moving toward a steadier environment.
LPL Research’s Outlook 2024: A Turning Point provides insight and analysis into next year’s opportunities, challenges, and potential surprises. We understand that making progress toward long-term financial goals requires a strong plan and sound advice. The insights in this report, combined with guidance from me, will help position you to navigate this turning point and work toward achieving your objectives.
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. The economic forecasts may not develop as predicted. Please read the full OUTLOOK 2024: A Turning Point publication for additional description and disclosure. This research material has been prepared by LPL Financial LLC.