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Market Commentary | Apr 25, 2024

1Q2024 Market Commentary: The Quest for Clarity

Michael J. Aroesty

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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This material has been provided for general, informational purposes only, represents only a summary of the topics discussed, and is not suitable for everyone. The information contained herein should not be construed as personalized investment advice or recommendations. Rather, they simply reflect the opinions and views of the author. D. B. Root & Company, LLC. does not provide legal, tax, or accounting advice. Before making decisions with legal, tax, or accounting ramifications, you should consult appropriate professionals for advice that is specific to your situation. There can be no assurance that any particular strategy or investment will prove profitable. This document contains information derived from third party sources. Although we believe these third-party sources to be reliable, we make no representations as to the accuracy or completeness of any information derived from such sources, and take no responsibility therefore. This document contains certain forward-looking statements signaled by words such as "anticipate," "expect", or "believe" that indicate future possibilities. Due to known and unknown risks, other uncertainties and factors, actual results may differ materially from the expectations portrayed in such forward-looking statements. As such, there is no guarantee that the expectations, beliefs, views and opinions expressed in this document will come to pass. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. All investment strategies have the potential for profit or loss. Asset allocation and diversification do not ensure or guarantee better performance and cannot eliminate the risk of investment losses.

Michael J. Aroesty

CFP®

Chief Investment Officer

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