Welcome to Winthrop Wealth’s 2023 Market Review! In this video, Andrew Murphy, Co-Chief Investment Officer, takes a deep dive into the performance of the US equity and fixed income markets in the past year.
Despite initial forecasts, the economy exceeded expectations with real GDP growth estimated at 2.4% in 2023. Additionally, inflation moderated enough for the Federal Reserve to discuss cutting interest rates in 2024.
We discuss the factors that drove the markets, including the surprising strength of the labor market and consumer spending. We also highlight the performance of different sectors, with last year’s laggards, such as technology and communication services, leading the way in 2023.
Read our written 2023 Market Review and Outlook here.
The bond market also saw positive returns, with the Bloomberg US Aggregate Bond Index gaining 5.5% in 2023. This was a welcome change after two consecutive negative years.
Throughout the video, we emphasize the importance of maintaining a long-term viewpoint in the face of short-term market volatility. We discuss our investment approach, which focuses on staying disciplined, opportunistic, and diversified while mitigating fees, taxes, and expenses.
Join us for insights into the market’s performance, discusses the macroeconomic backdrop, and shares our outlook for the future.
< VIDEOS
January 22, 2024
2023 Market Review and Outlook
Welcome to Winthrop Wealth’s 2023 Market Review! In this video, Andrew Murphy, Co-Chief Investment Officer, takes a deep dive into the performance of the US equity and fixed income markets in the past year.
Despite initial forecasts, the economy exceeded expectations with real GDP growth estimated at 2.4% in 2023. Additionally, inflation moderated enough for the Federal Reserve to discuss cutting interest rates in 2024.
We discuss the factors that drove the markets, including the surprising strength of the labor market and consumer spending. We also highlight the performance of different sectors, with last year’s laggards, such as technology and communication services, leading the way in 2023.
Read our written 2023 Market Review and Outlook here.
The bond market also saw positive returns, with the Bloomberg US Aggregate Bond Index gaining 5.5% in 2023. This was a welcome change after two consecutive negative years.
Throughout the video, we emphasize the importance of maintaining a long-term viewpoint in the face of short-term market volatility. We discuss our investment approach, which focuses on staying disciplined, opportunistic, and diversified while mitigating fees, taxes, and expenses.
Join us for insights into the market’s performance, discusses the macroeconomic backdrop, and shares our outlook for the future.