Market Review Q4 - 2023
Market Review Newsletter (click image to open newsletter)
The US equity market posted positive returns for the quarter and outperformed both non-US developed and emerging markets.
US real estate investment trusts outperformed non-US REITs during the quarter.
US government debt reached 121% of the value of the country’s gross domestic product (GDP) last year. Many investors have expressed concern over the impact that servicing this level of debt could have on the stock market. But the historical data show little relation between the two.
The Bloomberg Commodity Total Return Index returned -4.63% for the fourth quarter of 2023.