As of September 28, 2023, Fortress Wealth Group's macro-economic outlook is that bond yields continue to be attractive and present an opportunity for appreciation in 2024 in the event we see meaningful rate cuts. Domestic equities have had a stellar first seven months of the year, but with interest rates climbing, the dollar "strengthening" and "risk free" yields being as attactive as they are, domestic equities will struggle over the near term, especially those that are not profitable.
International companies are falling out of favor with the dollar's rally, even though they present a strong case from a valuation perspective. Right now, we don't believe clients are being paid to invest internationally from a broad perspective. Alternatives continue to present opportunity for growth while introducing some uncorrelated exposure. For the full report, click here.