market returns 1-16

Key Events: Inflation picks up

Consumer prices rose more than expected; Core CPI climbed 3.9%, well above the Fed’s inflation target driven by increases in housing prices. Meanwhile continued Houthi attacks on ships in the Red Sea may further stoke supply-chain inflationary pressures.

The SEC provided landmark approval for exchange traded funds that directly invest in Bitcoin.

Market Review: A bumpy start to the new year

Stocks processed economic prospects: Large cap stocks gained, while small cap stocks remained in the red.

Bonds recovered from last week’s losses on hopes for rate cuts and a strong economy.

Outlook: …Uncertainty

An uncertain outlook greets us in the new year:

  • Will we have a soft landing, recession, or “no landing”?
  • When will the Fed cut rates, and by how much?

Answers to these questions will drive markets for the year. Our portfolios are diversified, with a broad mix of stocks and bonds. Markets move in cycles; OneAscent portfolios are prepared to thrive amidst the uncertainty of 2024.

Market cycles[1]

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Navigator Outlook: January 2023

january navigaror 2024

[1] Source: Visual Capitalist Visualizing 60 Years of Stock Market Cycles (visualcapitalist.com)

[2] Source: Market Returns reference the following indices: Large Cap – S&P 500, Mid Cap Growth – Russell Midcap growth, Mid Cap Value – Russell Midcap Value, Small Cap – Russell 2000, Developed – MSCI EAFE, Emerging – MSCI Emerging Markets, Aggregate – Bloomberg US Aggregate, High Yield – Bloomberg High Yield

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