XLK - Ithaka U.S. Growth Strategy Q4 2023 Commentary
2024-01-31 08:05:00 ET
Summary
- The Ithaka Group is an independent investment boutique that specializes in managing high-quality, concentrated growth equity portfolios.
- During the fourth quarter Ithaka’s portfolio outperformed in a strong market, rising 18.4% vs the R1G rising 14.2%.
- Today, Fed actions would seem to support it is indeed engineering a first-ever soft landing - time will tell.
Market Review
On the heels of a painful 2022, during which most major market indices suffered their largest calendar-year drawdowns since 2008, our index, the Russell 1000 Growth ("R1G"), bounced back in 2023 with its strongest performance in ~25 years, up 42.7%....
Ithaka U.S. Growth Strategy Q4 2023 Commentary