Weekly Client Letter – January 2, 2024

Every year, big Wall Street banks predict where the stock market will end up the following year. How many got their 2023 prediction right? 0! In fact, with all their data and resources, only 5 times out of the last 13 years has the stock market even closed within the full range of predictions from the entire group!

This tells us something important: trying to predict the market is tough! At Redwood, we don’t waste time on guesses. Instead, we focus on managing risks in your portfolio using our RiskFirst® investment approach. We believe if we manage RiskFirst®, then success follows.

Wishing you a Happy, Healthy, and Prosperous New Year ahead!

Fourth Year in a Row – Wall Streets’ “Best” Strategists ALL Get it WRONG

Weekly Client Letter January 2 2024
Source: Bloomberg, Redwood. Data as of 12/29/2023. Date range from 1/1/2010 – 12/29/2023. For illustration purposes only.
  • We believe the preservation of capital is key to consistent, long-term investment success.
  • Our investment approach is grounded in economic theory and backed by quantitative analysis.
  • Managing drawdown risk is a pillar from which we build our portfolios.

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