Ep 34: The Year No One Called [Correctly]

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 politicsListen to this episode to hear my thoughts on these factors and more. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefinancialpurpose.substack.com