Fortunately, we turned the corner in 2023 for public equities with the S&P 500 up 26.3 percent. Bonds, however, continued to lag this past year. As we turn the page from 2023 to 2024, we remain cautious, but sanguine, for several reasons.
Our 2024 outlook titled, "The Long and Winding Road", provides our views on the markets and the key themes driving investment portfolios going forward.