Financial Insights

Amid international conflicts, domestic political turmoil, extreme weather events, and the recent pandemic, it’s easy to feel overwhelmed by both the news and the resulting market volatility. While the fundamentals of financial advice still hold – save more than you spend and maintain exposure to a diversified portfolio – additional strategies may be available to…

As we’ve discussed in our recent market outlook commentary, traditional economic indicators such as shrinking GDP, stubbornly high inflation, and rising interest rates mislead 70% of economists who expected a U.S. recession in 2023. Now that we are three months into 2024, where are these indicators? And what has changed about the outlook? 

At the start of 2023, investors and economists anticipated a challenging year for markets, and according to Bloomberg, 70% of economists polled expected a U.S. recession. Contrary to these predictions, it was an excellent year for the stock market and the economy.