With risks elevated, focus on stock selection: 2024 equity outlook

There are plenty of macro drivers that will create equity volatility in 2024. To succeed, investors will need to focus on company fundamentals. Heading into 2024, inflation, recession, elections and geopolitical risk are all potential drivers of dislocations in the equity market. Rather than approaching this environment by making calls on growth versus value or large cap versus small, we think that managing
a portfolio with the potential to deliver alpha despite these macro challenges is the path to success for 2024.