By: Live Oak Private Wealth
“The desire to perform all the time is usually a barrier to performing over time.” – Robert Olstein
As 2023 drew to a close, speculation around Fed Chairman Jerome Powell’s comments on potential rate cuts fueled a strong rally. The momentum continued into the first quarter of 2024, resulting in gains across all equity indices. However, the attitude towards interest rates now seems to suggest that rates will be higher for longer and how that will influence the market returns remains to be seen in the year ahead.
Read our full investment commentary and letter to clients by downloading the first quarter 2024 letter.