Market Review 2023
January 22, 2024 Author: David Booth, Chairman and Founder
The Dimensional article, Market Review 2023: Rising Sticks Left Predictions Grounded, dated January 4, 2024, reflects on the unexpected market trends of 2023, debunking forecasts that predicted a US recession due to rising interest rates and inflation. Contrary to expectations, the US economy remained resilient, with stocks soaring, particularly in the tech sector. The S&P 500 recorded a 26.3% gain, defying earlier projections. Global markets also rebounded despite geopolitical tensions.
The article highlights the impact of factors like inflation, interest rates, and political decisions on various sectors such as real estate and finance. It concludes by emphasizing the unpredictable nature of markets and the importance of planning for uncertainties in 2024.