Entering the final four weeks of 2023, there is a palpable sense of being at a turning point; the denouement of an economic story written across 2022 and 2023. Although Fed Chairman Jay Powell counseled, as recently as last Friday, that talk about interest rate cuts is very premature, it seems increasingly clear that inflation is not going to be as stubbornly sticky as once feared. Interest rates are not going to go as high as once thought possible, and calamitous causes of recession are not immediately in our future. This past November ranks 7th in the all-time S&P monthly returns ever delivered. In addition, fixed income credit spreads saw a material tightening, where the bond market also had its best month since 1985. With the exception of commodities and Chinese stocks, which both struggled, November was a clear bullish month. On the wealth planning front, we discuss the revocable trust, which is a key component of any thorough estate plan.
Click Here to Read the December 4, 2023, Economic Commentary
Click Here to Read the December 4, 2023, Investment Commentary
Click Here to Read the Decembr 4, 2023, Wealth Planning Commentary
