Firm, Economic, and Market Update – 2023

As we enter the new year, we are excited to share our annual “Firm, Economic, and Market Update.”

In our 2023 Firm Economic and Market Update video, we highlighted the challenges the markets faced, with the S&P 500 declining by 20% and U.S. bond markets encountering difficulties. Despite the uncertainties, our firm accurately predicted a market rebound. The markets have indeed exhibited a notable recovery, with the S&P 500 up nearly 25%, and bond markets responding positively to the quickest conclusion of a Fed interest cycle in history.

In addition to economic insights, we usually discuss geopolitical events in our updates. Unfortunately, this year has brought its share of global challenges, particularly with the ongoing Russian invasion of Ukraine and tragic events in Israel. Our thoughts are with those affected, and we are committed to navigating these complex global dynamics in the best interest of our clients.

In the attached video, we provide our 2024 forecast and our 2023 “score card” (13:33) where, in line with our long-term average, out of 13 predictions we made this year, we saw 11.5 come true.

Looking ahead to 2024, our team has dedicated significant effort to provide you with a comprehensive market forecast. We understand the importance of staying informed and making well-informed decisions for your financial well-being.

The team at Focused Wealth Management is uniquely positioned to offer financial clarity to our clients during these critical times. We value the opportunity to provide guidance, advice, and support during volatile markets and are proud to help our clients achieve their financial goals.

We wish you happiness, good health, and prosperity in the coming year. Thank you for entrusting Focused Wealth Management with your financial journey. We eagerly anticipate continuing to serve you in the coming year and beyond.

Best regards,
Philip J. DeAngelo
Managing Director,
Focused Wealth Management


VIDEO SECTIONS

The chapters below in the video are indicated by the blue dots in the timeline of the video. You can jump to each section below using them.

02:18 – Firm Overview
05:42 – Portfolio Overview
13:30 – 2023 Scorecard
22:11 – Economic Overview
52:23 – 2024 Investment Outlook