Stifel Financial Corporation · NYSE:SF
Stifel Financial — Outlook 2024: Embracing Change webinar
11 slides from Stifel Financial's conference presentation, Jan 4, 2024
Slide 1: Outlook 2024: Embracing Change
V I E W R E P O RT V I E W V I D EO O UTLO O K 2 0 2 4 EMBRACING CHANGE with and Michael O’Keeffe Brian Gardner Chief Investment Officer Chief Washington Policy Strategist WEBINAR | JANUARY 4, 2024
Slide 2: 2023 Year in Review
2023 YEAR IN REVIEW V I E W R E P O RT V I E W V I D EO FEDERAL INFLATION RESERVE MARKETS POLICY Consumer Price Cumulative Fed GDP S&P 500 Index Inflation* Funds Rate Hike Growth* Return 3.2% 1.00% 2.4% 26.3% *Numbers are estimates and do not yet reflect the final result. 2
Slide 3: Outlook 2024 Forecast
OUTLOOK 2024 V I E W R E P O RT V I E W V I D EO 2024 FORECAST 2024 FORECAST 5,000 U.S. Real GDP 0%–1.0% S&P 500 6.3% Total Return Core PCE Inflation (4Q/4Q) 2.00%–2.25% 10-Year Treasury (%) 3.75%–4.25% Federal Funds Rate 25 4.75%–5.00% Market Pulse Publications* (upper bound) Investment-Grade Sprea
Slide 4: What Are Some of the Changes in the World?
OUTLOOK 2024 V I E W R E P O RT V I E W V I D EO WHAT ARE SOME OF THE 1 2 CHANGES IN THE WORLD AI is rapidly changing The structural effects of the CREATING OPPORTUNITY how businesses improve pandemic highlight the need FOR INVESTORS TO processes and productivity. for new supply chain and EMBRACE TH
Slide 5: The Bull and Bear Still Have Fat Tails
OUTLOOK 2024 V I E W R E P O RT V I E WVIEW V I D VIDEO EO THE BULL AND BEAR STILL HAVE FAT TAILS THE CONSUMER EARNINGS ANIMAL SPIRITS Consumption makes up about two-thirds Actual earnings and views about future Investors, the consumer, and business of U.S. GDP, so how the consumer behaves earnings
Slide 6: Allocation Insights
ALLOCATION INSIGHTS V I E W R E P O RT V I E WVIEW V I D VIDEO EO 1 Embrace the unpredictable 3 Strengthen your foundation 2 Back to the fundamentals 4 Long-term is not so long 6
Slide 7: Washington Policy and Political Outlook
WASHINGTON POLICY V I E W R E P O RT V I E W V I D EO AND POLITICAL OUTLOOK • A Busy Start to the Year • Election 2024 • Regulatory Agenda • Looking to 2025 7
Slide 8: Geopolitical Tensions
GEOPOLITICAL TENSIONS V I E W R E P O RT V I E W V I D EO EVENT LIKELIHOOD MARKET IMPACT U.S.-China Competition 10 7 The New Cold War 8 8 Emerging Market Political Uncertainty 8 5 Cyberattacks 8 5 Washington, D.C. Gridlock 7 7 Financial Instability 7 7 Major Terror Attacks 7 4 Climate Policy Error 6
Slide 9: AI Revolution: Transforming Industries and Investments
AI REVOLUTION: TRANSFORMING V I E W R E P O RT V I E W V I D EO INDUSTRIES AND INVESTMENTS What Is AI? A machine’s ability to perform tasks that typically require human intelligence A chatbot that allows the user to What Is ChatGPT? ask for help like one would a human ECONOMIC IMPACTS • Labor Market
Slide 10: Other Articles
OTHER ARTICLES V I E W R E P O RT V I E W V I D EO Where to Investor’s Find Stifel Handbook for Guidance Election Years stifelinsights.com Our Stifel’s Investment Approach Management to Asset Process Allocation 10
Slide 11: Embracing Change
V I E W R E P O RT V I E W V I D EO O UTLO O K 2 0 2 4 EMBRACING CHANGE with and Michael O’Keeffe Brian Gardner Chief Investment Officer Chief Washington Policy Strategist WEBINAR | JANUARY 4, 2024
Stifel Financial — Outlook 2024: Embracing Change webinar on 6ix