As of December 19, 2023, Fortress Wealth Group's macro-economic outlook is that bonds remain attractive and continue to offer the opportunity for appreciation in 2024 as rates stabilize and possibly come down. Domestic equities have responded strongly to the two rate “pauses” that occurred in November and December.
With the signaling of rate hikes being at or near their end, equities could have another strong year in 2024, particularly in the technology and communications services sector; which are both expecting higher than average forward earnings growth. We continue to maintain an underweight exposure to international companies in favor of domestic companies. In addition, we believe alternatives will continue to play a key role in our models going forward, as they present the opportunity for stability and uncorrelated returns. For the full report, click here.