With the first three months of the year posting strong market returns, most investors are pleased with the start to 2024. Equity markets have seen a broadening of market winners and in March bonds posted their first positive monthly return of the year. 2023 was the story of the magnificent seven tech stocks leading the bulk of the total market return. This year, those concentrated returns from mega-cap tech stocks have diverged and we’ve seen a broadening of market leaders across sectors-generally a healthy sign for investors. Leading economic indicator data released for the month of February also showed a change in direction and shifted positive. Despite these encouraging signs, ample recession and market risks remain and must be monitored.
In addition to sharing the latest market and economic news, Sammy and Bob discuss the artful skill of being patient with your investments without being blind, red flags that should alert investors to dig deeper, and to kick-off Financial Literacy month a discussion of the book “The Opposite of Spoiled: Raising Kids Who Are Grounded, Generous, and Smart About Money” by Ron Lieber.
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About Wealthy Behavior: Heritage Financial Services
Wealthy Behavior digs into the topics, strategies, and behaviors that are key to building and protecting personal wealth and living a rich life. We’re Boston Massachusetts-based wealth managers who have been helping busy, successful people pursue their financial goals for more than 25 years. Hosted by Sammy Azzouz, President of Heritage Financial, Wealthy Behavior digs into the topics, strategies, and behaviors that are key to building and protecting personal wealth and living a rich life.
