The Financial Purpose
The Financial Purpose Podcast
Ep 34: The Year No One Called [Correctly]

Ep 34: The Year No One Called [Correctly]

If you had told me a year ago the market would rally big on top of more rate hikes, higher borrowing costs, yields spiking, and a banking crisis, I would've said you're crazy. Yet, here we are.

2023 might be one of the most unexpected years of all time, certainly as the markets and economy are concerned. It seemed like everyone was calling for a recession. It never came. Most unexpected might be the magnitude of the stock market rally, which looks to be ending the year with a punctuation mark!

As we head into 2024, the major themes I’m watching include:

  • Potential for Fed rate cuts

  • Is the economy truly slowing based on persistently high borrowing costs and increasing household debt levels?

  • Stock market may see high single-digit gains; S&P 500 price target 5,090 (+7%-8% higher) according to Fact Set

  • Bond price rally as yields continue to fall

  • Housing market and affordability likely to remain challenging

  • Ongoing geopolitical conflict and how much money we’re sending abroad

  • Election year and nasty, divisive politics

Listen to this episode to hear my thoughts on these factors and more.

The Financial Purpose
The Financial Purpose Podcast
Straight talk about aligning Business, Money, and Investing to your financial purpose.