WealthProtect Status Update: February 2024

Reginald A.T. Armstrong • WealthProtect Status Update

Investment Type

Investment Status

Last Change Date

Large Cap Stocks

100% Equities


Nasdaq 100 Stocks

50% Equities/50% 3 Month T bills


International Stocks

100% Equities


 Markets have begun 2024 with the disparity between the top 10 stocks or so doing very well and the rest not so much. The market-cap based S&P is up almost 5%, while the equal-weight is essentially breakeven. US is outperforming foreign, large is outperforming small, growth is outperforming value, and the communications and technology sectors are dominating. Meanwhile, bonds are slightly negative. Stocks still appear to be expensive; bonds appear to be fairly valued.

The economy—especially the jobs market—continues to surprise analysts with its strength. Many of the weaker measures such as the Leading Economic Indicators and the ISM Manufacturing Index are still negative but have been strengthening in the past few months. Stay diversified and stay alert, my friends.

If you have any questions, please contact your wealth manager.

Thanks for your continued trust.

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