Q1 2024 – Annandale Capital Quarterly Commentary

Our recent commentaries have been macro-focused. It’s hard not to talk about the economy. Before 2021, inflation was believed to be a relic of the past, yet it surged to 9.1% in 2022. To combat inflation, the Federal Reserve raised the Federal Funds rate from 0.1% to 5.3% in under two years, a move that many feared would cripple the economy. How-ever, the Atlanta Fed GDP Nowcast is calling for 2.9% real GDP growth, which if accurate, puts us around 6.0% nom-inal GDP growth. Wow! Despite strong economic growth and some inflation surprises, the Federal Reserve continues to signal they are “likely” finished raising rates, fueling the market with hope.  

Download Q1 2024 Commentary

This material is not intended to be used as a general guide to investing, or as a source of any specific investment recommendations, and makes no implied or express recommendations. This is not an offer or solicitation with respect to the purchase or sale of any security.

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