Winter 2024 Investment Commentary

What a difference a year can make. US equities rose in 2023, with the major indices erasing their 2022 declines. The Dow achieved an all-time high, while the S&P closed the year a touch short of its record close from January of 2022. The positive year for the market appeared to be in jeopardy as stock pulled back throughout Q3 before bottoming in late October and rallying into year-end.