FEBRUARY 2024

In total, the 2024 update of our long-term outlook calls for similar returns across most asset classes relative to 2023. Due to higher cash and bond yields, this outlook is well above the previous decades’ call for muted returns. However, expected lower potential economic growth rates due to aging demographics and a slow-growing labor force, still present headwinds for future returns. Our first article below outlines Long-term Capital Market Assumptions.

In addition, Janney’s Investment Strategy Group shared their views during Janney’s 2024 Market Outlook presentation where they discussed the current state of the economy and markets, their outlook for 2024, and what you should know about the potential impact on your portfolio strategy. Click here to Learn what’s next!

Life doesn’t end with retirement. In many ways, it just begins. If you're looking to make the most out of your golden years, engaging in the activities mentioned in our second article can get you started. 

Chornyak & Associates is again honored to be named to the Forbes 2024 Best-In-State Wealth Management Teams  . Forbes Best-in-State Wealth Management Teams ranking was developed by SHOOK Research and is based on in-person, virtual and telephone due diligence meetings and a ranking algorithm that includes: a measure of each team’s best practices, client retention, industry experience, review of compliance records, firm nominations; and quantitative criteria, including: assets under management and revenue generated for their firms.

This month's "What's Happening Now" section shares stories on a resort in the New York Catskills that just added 3 tree houses, 27 home office ideas that deliver big on style, and In-N-Out Burger making a heartbreaking announcement after 76 years.

We'd like to hear from you. Please feel free to contact us by phone at 614-888-2121, toll-free 877-389-2121 or email jchornyak@janney.com with any questions or comments. 

Long-Term Capital Market Assumptions

This report establishes our long-term return assumptions across major asset classes and includes representative model portfolios.

10 Little Things Retirees Should Never Stop Doing

Staying happy in retirement can be as simple as making sure you engage in these things on a daily basis.

What's Happening Now

Gorgeous All-inclusive Resort in New York's Catskills Just Added 3 Tree Houses

27 Small Home Office Ideas That Deliver Big on Style

After 76 Long Years, In-N-Out Burger Just Made a Heartbreaking Announcement

Market Update

Stocks closed January generally higher. Each of the benchmark indexes listed here ended January higher, with the exception of the small caps of the Russell 2000. Historically, positive market returns in January are often a precursor to favorable market performance for the remainder of the year. Of course, past performance is no guarantee of future results. Despite the end results, January proved to be a month of ebbs and flows. It began with stocks closing in the red, only to pick up momentum throughout the rest of the month. 

Market update provided by Broadridge Investor Communications Solutions, Inc.