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2023 Review and 2024 Outlook

Tuesday, January 16, 2024

Market Commentary

Putting 2023 in Perspective. 2023 rewarded American investors as richly as 2022 hurt them. The benchmark S&P 500® Index returned over 26% in 2023 versus a 20% drop the prior year. Other U.S. equity indices outshone even the S&P 500®, such as the technology-focused NASDAQ, which rose by 45% after a miserable 2022 (down 33%).

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