Stocks Could Remain Strong (Fingers Crossed) Throughout 2024

Reasons for optimism: The worst of inflation appears to be behind us, the Fed could start cutting rates, and it seems we’ll avoid a hard landing or recession.

A man faces the sun with his arms open wide.
(Image credit: Getty Images)

Now that we’re full steam ahead into 2024, should investors have reasons for optimism about the overall economy and the financial markets? I believe the answer is yes, with some important caveats.

Based on recent economic data, I believe the worst of inflation is well behind us, both here in the U.S. and globally. The financial markets are now anticipating when the Fed will start its (at least) three forecasted quarter-point rate cuts this year. Does that mean we’ll return to the ultra-low-rate environment we enjoyed for so long prior to 2020? I don’t think so — a moderate level of inflation will be with us for the foreseeable future.

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Tony Roth, Chief Investment Officer
Wilmington Trust Investment Advisors, Inc.

Tony Roth is CIO for Wilmington Trust Investment Advisors, Inc., the investment advisory arm of Wilmington Trust and M&T Bank. Tony plays a key role in developing and delivering investment services for our wealth, institutional and brokerage clients. He provides strategic direction for the firm’s asset management investment activities including asset allocation, manager research and portfolio construction. Tony leads the firm’s Investment Committee.