In this video, we look back at the market strength from Q1 and consider what could help the market regain momentum despite the recent volatility.
Key Takeaways
- Market peaks tend to cluster together over long-term economic and market cycles.
- The S&P 500 boasted 24 record highs in the first quarter and stocks had their best start in 5 years. The S&P peaked at the end of March, and April saw the return of downward volatility.
- Over time, stock prices follow expected earnings and earnings growth is the primary driver of total return. Expected earnings growth in 2024 could further support positive equity performance.
- Reaching new highs with a complex macro and geopolitical backdrop may result in market turbulence, but we are confident that healthy earnings growth will be key to driving returns. We encourage investors to focus on fundamentals and stick to their long-term investment plans.
The opinions and analyses expressed in this presentation are based on Curi RMB Capital, LLC’s (“Curi RMB Capital”) research and professional experience are expressed as of the date of our mailing of this presentation. Certain information expressed represents an assessment at a specific point in time and is not intended to be a forecast or guarantee of future results, nor is it intended to speak to any future time periods. Curi RMB Capital makes no warranty or representation, express or implied, nor does Curi RMB Capital accept any liability, with respect to the information and data set forth herein, and Curi RMB Capital specifically disclaims any duty to update any of the information and data contained in this presentation. The information and data in this presentation does not constitute legal, tax, accounting, investment or other professional advice. An investment cannot be made directly in an index. The index data assumes reinvestment of all income and does not bear fees, taxes, or transaction costs.
