Here's to a Return to a Normal Year!
A Veteran Global Strategist Weighs in on What's Ahead. Consider Moving Out of Cash, Holding Longer-Term Bonds and International Stocks, Among Other Steps in 2024.
David Kelly
It’s very hard to believe, but 2024 is nearly here.
To say the least, it’s been an eventful year, not least the turmoil in the Middle East and the Ukraine. It looks like the Federal Reserve is finished raising short-term interest rates. And the S&P 500 has recorded a gain of more than 20% so this year, including dividends, with a big boost from the Magnificent Seven stocks, as they are known. They are: Tesla, Amazon.com, Microsoft, Apple, Nvidia, Meta Platforms and Alphabet.
To help Income Matters Today digest all of this as the New Year approaches, we spoke with David Kelly, chief global strategist and head of the global market insights strategy team at J.P. Morgan Asset Management. Kelly has worked at the asset-management unit for 16 years and has more than 25 years of experience overall. He is known for being able to analyze large amounts of material, including data, and developing insightful commentary about the economy and financial markets to help investors make sense of things.
Kelly holds a Ph.D and master’s degree in economics from Michigan State University and a B.A. in economics from University College Dublin in the Republic of Ireland. IMT spoke with him this week, including about some income topics, and the interview is below.
On another note, we wanted to wish all of our subscribers a Happy Holiday and a great 2024! We will return with our next post during the first week of January.
Keep reading with a 7-day free trial
Subscribe to Income Matters Today to keep reading this post and get 7 days of free access to the full post archives.