Quarter 1 - 2024 Newsletter

Enclosed with this letter is a simplified summary of your investment account values as of March 31, 2024.  The quarter in brief as of 04/08/2024 (1)

                                                                                                            Year to Date

Dow Jones Industrial Average                                                               + 3.35%

S&P 500                                                                                                   +9.27%                 

S&P 500 Investment Grade Corp Bond Index                                         -1.67%

 Last year it seems the stock market was being propped up by the “Magnificent Seven” stocks but now as we enter the second quarter of 2024 it appears that conditions remain solid for US equities. Although there is bad economic news that the economy is slowing, suppressing inflation, the Fed should still be able to unwind the tight monetary environment slowly.

U.S. corporate earnings are widely expected to exceed those of 2023.  This could potentially improve at a stronger rate in 2024 as inflation and interest rates come down—despite lingering economic worries.

As you hear us say repeatedly, your portfolio must be properly diversified to match your risk profile and remain invested for the long term. If you have any questions about your portfolio, please contact us to review your own retirement portfolio.

We did want to let you know that in the next couple of months you will receive some communication from our broker dealer, Securities America, as their acquisition by OSAIC will be completed the weekend of June 14th. This will have no effect on our relationship or on any of your portfolios, holdings or accounts. We just wanted to let you know not to worry when you receive it.