Dear Clients, Investors & Friends,

Attached, please find Maridea’s latest Monthly Market Update for January 2024. This concise report offers a snapshot of key trends and insights shaping the current economic landscape. Here are the summary takeaways for this month:

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  • The S&P 500 gained +11.6% during the 4th quarter, and bonds produced their best quarterly return since Q2 1989.

• • Treasury yields, which spiked in Q3, reversed lower as inflation eased and the Federal Reserve hinted at interest rate cuts in 2024. The decline in interest rates was a significant tailwind for stocks and bonds.

• • Headline inflation, which peaked at 9.1% in June 2022, dropped to 3.1% in November 2023. Likewise, core inflation, which excludes the volatile categories of food and energy, now stands at 4.0% after peaking at 6.6% in September 2022.

• • Heading into the new year, the economy is growing at a solid pace, the labor market is tight, inflation is decelerating, and the housing market shows early signs of a rebound.

Your success is our priority, and staying informed is crucial. Feel free to reach out with any questions or to discuss how these market insights may impact your financial goals.

Best regards,

Your Maridea Advisor

View Attached Report