From the desks of Stanley Katz & Lauren Madera
THE CLIENTFIRST TEAM – LAUREN MADERA, PAT RYAN, TALAYA SIMS AND STANLEY KATZ – WISHES YOU A HAPPY HOLIDAY SEASON AND A NEW YEAR FILLED WITH GOOD HEALTH! THE WEEKLY HIGHLIGHTS & COMMENTARY WILL NOT BE PUBLISHED NEXT WEEK AS WE REST AND REFLECT ON 2023. WE LOOK FORWARD TO WORKING WITH YOU IN 2024!
The S&P 500 celebrated its 8th straight week of gains while the other two major US stock market indices rode its coattails (i.e., DJIA: +0.22%, S&P 500: +0.75%, Nasdaq: +1.21%). Only the DJIA has broken its previous January 2022 historic high. The S&P 500 and Nasdaq are approaching theirs. Moderating inflation and falling interest rates are the main fuel, despite slowing economic growth. In fact, 4Q2023 earnings per share (EPS) are expected to come in slightly negative with the anticipation of double-digit EPS growth in 2024. Zacks’ report provides some insight about “What to Expect.”
Whenever the stock market rises from the depths experienced in 2022 to the euphoria of 2023, it makes you contemplate what the future may hold. The Parnassus 2024 Outlook gives us some interesting tidbits to ponder. Click the link below to read it.
Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.
James Investment Research:
Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
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