Thank you to all of those that attended the 2024 Newport Beach Chamber 2024 Economic and Financial Forecast.
In summary, the economy will keep slugging along until we get some kind of shock. Most likely the Fed will break something. I’d imagine in the long-term it’s a good time to go long bonds.
If you’d like to see the forecast, you can view it here.
Thank you to everyone that attended the February 2023 Econ Forecast co-sponsed by the Newport Beach Chamber of Commerce and for Edwards Lifesciences for having me provide a forecast in March.
In summary, I believe we will have a recession but likely later in the year and the Fed is likely to be more aggressive than the market. We should be in for a choppy year for equity markets and a bullish year for long-term bonds. Below you can download my slides from March and watch a replay of the February forecast.
Slides here: 2023 February Econ and Financial Forecast
Video here: 2023 February Econ and Financial Forecast Recording