As we move through 2024, the current macroeconomic environment is challenging as we contend with domestic political issues, the larger geopolitical conflicts, and the Fed’s impact with the current rate environment. That being said, the American economy and country has always proven itself to be resilient and we believe that resilience will hold. The upcoming presidential election is sure to be one of the most challenging elections that we’ve ever seen, yet the turmoil that might come about will be limited by the likelihood of a mixed government made up of both parties. Having split control and the resulting necessity of bipartisanship helps suppress extreme ideas that have been discussed in the past such as taxing unrealized capital gains.