In 2024, LPL Research believes markets will make a definitive turn to a more recognizable
place. En route, the transition will be marked by meaningful shifts in a few key areas. Inflation is
going down. The risk of a recession is bubbling up again as the effect of post-pandemic stimulus
wanes. And the end of the Federal Reserve’s (Fed) rate-hiking campaign is indeed upon us.

Where the last two years had investors focused on inflation, market volatility, and striving for a
sense of economic balance, we now can expect to see some return to the previous status
quo—that is, a less-stringent Fed, normalizing inflation, and a slower growth environment.
We’ve seen indications of this reset—receding inflation, rates stabilizing, more modest equity
market performance, and go-forward economic forecasts that have been dwindling. From LPL
Research’s perspective, this turning point for the markets and economic landscape can be
characterized as a return to familiar economic and market patterns, leaving behind the volatility
of policy and economic swings experienced in recent years, and moving toward a steadier
environment.

LPL Research’s Outlook 2024: A Turning Point provides insight and analysis into next year’s
opportunities, challenges, and potential surprises. We understand that making progress toward
long-term financial goals requires a strong plan and sound advice. The insights in this report,
combined with guidance from me, will help position you to navigate this turning point and work
toward achieving your objectives.

Get Outlook 2024 insights

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IMPORTANT DISCLOSURES
This material is for general information only and is not intended to provide specific advice or recommendations for any individual. The economic forecasts may not develop as predicted. Please read the full OUTLOOK 2024: A Turning Point publication for additional description and disclosure. This research material has been prepared by LPL Financial LLC.

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