Webinar Replay: A Year in Review and 2024 Outlook

Last year was full of mostly positive economic and market surprises. Defying fears of a recession, U.S. GDP grew 2.5% fueled largely by strong consumer demand. Hopes that the Fed would achieve the rare feat of significant disinflation without destabilizing markets or derailing economic growth sent U.S. equities sharply higher in the fourth quarter of last year. This rally amplified imbalances in asset markets and compressed the risk premiums on U.S. equities, long-dated bonds, and credit. As we enter 2024, markets appear priced to perfection. Against this backdrop, we have redoubled our focus on fundamental valuations as the guide for our top-down active positioning. Given the wide spread of valuations within markets, we continue to allocate the bulk of our active positioning to identifying skilled managers adept at exploiting opportunities to add value across individual securities. Watch the recording of our most recent webinar as Nathalie Cunningham, Markus Krygier, Chris Lvoff, and Jeff Nasser reflect on this dynamic landscape and highlight key points to be considered when assessing opportunities across asset classes in the effort to enhance value in 2024. 

Watch the replay.