Market Commentary | Apr 25, 2024
1Q2024 Market Commentary: The Quest for Clarity
Michael J. AroestyCFP®
CFP®
Arnold Schwarzenegger has lived an incredible life. Born in a small Austrian village into a home without running water, he developed a vision for his life’s path at age eight. Arnold went to the movies and saw his hero – Reg Park, the bodybuilding champion turned Hollywood actor – and like most of us at that age, dreamed of following in his hero’s footsteps. What makes Arnold so unique is that he spent the next forty years relentlessly turning his childhood vision into a reality. In complex systems like economies and markets, having a clear vision is often difficult. After nearly two years of restrictive monetary policy, the Federal Reserve believed it finally had the cover to reverse course, as a return to its 2% inflation target appeared within reach. Despite having 785 economists and 23,000 employees on staff, the Fed’s sightline into the future may have been cloudier than many believed.
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Michael J. Aroesty
CFP®