The 2024 presidential election resulted in a decisive victory for former and now incoming President Trump, an outcome anticipated to significantly influence fiscal policy and, in turn, the municipal bond market, particularly regarding trade and tax policy implications.

Despite brief bouts of volatility in August and September, the S&P 500 roared back to once again end the quarter at an all-time high.

Despite recent bouts of volatility, equity markets marched higher, ending the third quarter at all-time highs. 

With the US presidential election in the rearview mirror, US equities climbed higher in November and bond yields declined. Risk assets continue to be supported by a positive macroeconomic backdrop, solid earnings growth, and an accommodative Fed. 

Despite splashy headlines, equity markets again hit an all-time high in January and finished the month with positive returns.

In this newsletter we’re diving into personal updates from the Gibson-Johnson Team as well as essential topics to help you navigate the complexities of today’s financial landscape.

We want to thank each and every client for your trust in our process, for your business, and for allowing us the opportunity to manage your investments and exceed your expectations when it comes to the service you’ve grown to expect over the years.

With the interest rate on our Schwab money market fund of choice still over 5% (at the time of this writing) we want to make sure any cash in client accounts that is not currently invested is carrying its weight. 

2024 is a presidential election year, and as such, we have been receiving questions about our views on the election’s potential impact on markets and client portfolios. 

We’d like to remind you of some financial matters that should be addressed prior to year-end. We encourage you to complete year-end money movements such as required minimum distributions, gifting to individuals, and gifting of stocks to charities by December 2, 2024.