After several years of big swings in the market and the U.S. economy, investors may want to buckle down and focus on individual stocks rather than make bold predictions about 2024.
A resilient economy in 2023 proved widespread projections of an imminent recession wrong, and the economic consensus is murkier heading into the new year.
That scenario of an economy exiting a recession seems far away as the calendar turns to 2024 with the U.S. labor market still growing.
And quality stocks showed in 2023 that they can have solid performance even if growth is what leads the market.
Shifting to high quality stocks can give investors a measure of defense in their portfolio without piling into cash.
Persons:
Tony DeSpirito, DeSpirito, Seder, George Mateyo
Organizations:
Wall, BlackRock, CNBC, Key Private Bank
Locations:
U.S