Phil, Mike, and Larry discuss what they think the Federal Reserve will do at this week’s meeting in light of the S&P 500 closing Monday at its 52-week high after the November Jobs report showed an unexpected drop in the unemployment rate to 3.7%, from 3.9% in October. They then answer a client’s question asking if stocks will enter a bear market in 2024 and what we should do to prepare for such an event.

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As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.