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2023 was characterized by narrow leadership and multiple expansions.
While last year’s gains have led to headline valuations appearing stretched, there are many segments of the market that are not as aggressively priced.
With the expectation for more muted but broader equity returns in 2024, investors may want to barbell their equity exposure.
In this article, Russ Koesterich discusses why a different approach to portfolio construction within equities is warranted in 2024. ...