January 2024 Newsletter

Happy New Year! We hope your 2024 is off to a great start. We are excited to share another year with you. Over the coming weeks, we look forward to having a conversation with you reflecting on 2023 and strategically planning for 2024.

MONTHLY MARKET RECAP

We anticipate market strength to continue in 2024, albeit at a much slower and more volatile pace than in 2023. There have been recent confirmations of breadth strengthening and a much broader market rally to support the ability of most indices to break out to new highs in 2024. There will be 4 keys to ’24 to keep an eye on: The Fed, The Labor Market, Corporate Profits, and Valuations. We caught on that as the Fed pivots from pause to cut, there has inevitably been a sell-off after the Fed starts cutting rates. While we are moderately bullish, we are wary of the economic wheels falling off causing slowing profits ergo slowing the market. While the stock market is not the economy, companies are not immune to if and when their consumers start to suffer and slow.

Goal Setting: January is a great time to review your goals for the year ahead. Creating clear goals is an effective way to provide a sense of direction and purpose to achieve financial success. Establishing financial goals can also motivate and inspire you, as it provides measurable steps for growing your wealth.

INDEX INSIGHTS

January 2024 INDEX INSIGHTS - data obtained from Bloomberg

Data as of close 12/31/23. Data obtained from Bloomberg, LP
Returns Listed Are Price Returns. Does not include reinvestment or payment of dividends.

Alteri Group Goals for 2024:

Max: Dust off my golf clubs when the weather warms up!
Alexis: Try one new recipe per week and have more family dinners at home!
Will: Be more present and enjoy the moments!
Jennifer: Take more pictures!
Elisabeth: Master the art of sourdough!
Viry: Try to make healthier choices!

TEAM SPOTLIGHT

Will Alvis

Will joined the financial services industry in 2013 and has been a vital part of our team since. He is relationship driven, cares deeply about his clients and his community, and keeps our team laughing.
  • Standpipe Order: Americano
  • Favorite Lunch Spot in Diboll: Pine Bough
  • Dream Vacation: Ski Trip to the Swiss Alps
  • Hobbies: Golfing, raising two girls, and beating those girls in Mario Kart