It feels just like yesterday that we were pouring through stacks of economic research and analysis outlining a good chance of a recession to occur in 2023. As we now know, the recession never materialized, and many aspects of the economy continued to prove strong. The further we get away from the Pandemic, one theme has been consistent the past several years: “extreme volatility” in both markets and economic data. As we prepare for 2024 and beyond, there are hopeful signals that we could be getting closer towards a “New Normal” environment as the world accepts the new realities.
Throughout our 2024 market outlook letter written by Andrew Briggs, Director of Portfolio Management for The Briggs Group, a common theme will be the expected normalization of several economic variables.