Underway
Every now and then I’m delayed in writing these blogs so, in full disclosure, I’m writing this blog in the waning days of 2023 and, by the time it is published, 2024 will be upon us. I’m fairly confident then that the market delivered a basket full of good cheer in the 4th quarter.
Fortunately, it’s behavior has played out much as we have suggested both in the blogs and in our meetings over the past several months. Evidence is building that we are now, and will likely remain, directionally correct in our call for higher markets. Directionally correct of course anticipates a few downdrafts along the way, the occurrence of which I think we should welcome. It would not surprise me to see one or more ‘here we go again’ events as we enter this New Year. Unless the surprise is accompanied with news not anticipated, I will look for opportunity to take advantage of this weakness.
All our surprises are not market related. As this year started, I had no idea that my middle boy would fight cancer or that I would travel to Amsterdam, once to be with him during the fight and again this month to attend a party he had in celebration of health and his return to the States. I was overwhelmed by the magnitude of prayers and encouragement I received when clients learned of his fight, as well as how many shared my elation when they learned of his good news. Andrew and his new wife now live in Dallas, a location much more convenient (and less costly) for visits from his father.
As we close the books on another year, I hope that 2024 brings all of us baskets of positive surprises—market related or not! See you next year!
Any opinions are those of Nathan Clakley and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected.
The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete.
