2023 Market Recap + 2024 Outlook: Our Thoughts on The Election, Crypto, Inflation, Interest Rates & More Off The Wall

The annual episode we’ve all been waiting for… What happened in the US market in 2023? How can we expect the market to perform in 2024? Tune in to find out! 

 

In this Off the Wall Market Update, hosts David Armstrong, CFA and Jessica Gibbs, CFP® are joined by Monument’s portfolio management team Erin Hay, CFA and Nate Tonsager, CIPM®. 

 

Listen in to hear their market recap for 2023 and outlook for 2024 – reviewing the US market’s best and worst performing sectors of last year, the stock rally of Q4 2023, and how experts’ 2023 market outlooks compared to actual market performance. 

 

Then, the team shares their thoughts on what might be ahead for the markets and the economy in 2024, including inflation, Fed rate cuts, affordability of housing, equity markets, the presidential election, and more. 

 

Plus, the essential things you need to be a great investor in 2024 and beyond. Finally, you’ll get to hear who won the great Jimmy John’s sandwich bet of 2023. 

 

“Investors shouldn’t be adjusting their portfolios based on what the market outlook says. You should only focus on your needs for long-term growth and short-term liquidity.” – David B. Armstrong, CFA® 

 

Stay tuned for more amazing content coming your way in 2024! 

 

Episode Timeline/Key Highlights: 

[01:42] 2023 Market Summary – What happened in 2023? 

[12:16] What experts’ 2023 market outlooks said vs. how the market actually performed in 2023. 

[21:46] Is the economy out of the woods? 

[23:32] What we’re most pessimistic about for the 2024 market and economy. 

[29:26] What we’re most optimistic about for the 2024 market and economy. 

[36:50] Predictions on inflation in 2024: Will inflation go up or down or stay the same this year? 

[40:08] Predictions on Interest rates in 2024: Will interest rates go up or down this year? 

[42:05] Our most important advice to investors as we enter 2024.  

[48:32] Were our 2023 predictions correct? + Our predictions for 2024. 

 

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.   

 

Resources Mentioned: 

Give us your feedback! Take our survey: https://bit.ly/3RZp77h 

Subscribe to our blog: https://bit.ly/MonumentWealthBlog 

Matt Levine on Bloomberg: https://bloom.bg/3TUGEii 

Reminiscences of a Stock Operator by Edwin Lefèvre: https://amzn.to/3vwG8gm 

 

Follow our Asset Management team on LinkedIn: 

Erin Hay https://www.linkedin.com/in/erinhay 

Nate Tonsager https://www.linkedin.com/in/nate-tonsager 

 

Connect with Monument Wealth Management: 

Visit our website: https://bit.ly/monumentwealthwebsite  

Follow us on Instagram: https://bit.ly/MonumentWealthIG  

Follow us on X: https://bit.ly/MonumentWealthTW  

Connect with us on LinkedIn: https://bit.ly/MonumentWealthLI  

Connect with us on Facebook: https://bit.ly/MonumentWealthFB  

Connect with us on YouTube: https://bit.ly/YouTubeMWMFit 

 

About “Off the Wall”: 

OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about. 

 

Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.