Our Commentary

January 1, 2024 Dear Fellow Investors, We’ve outlined the major topics & takeaways of our annual letter below – details follow! MAIN MESSAGE HIGHLIGHTS: • The pace of society, growth in output, and improvement in living standards has boomed since the Industrial Revolution • Efficient production unlocked new abilities for the masses like the concepts of disposable income, leisure time, and retirement • We believe we’re in the midst of the “Intelligence R

In 2024, the Fed’s decision to maintain interest rates defied expectations. The stable economy, with reasonable unemployment, solid consumption, and declining inflation, has sparked a new narrative of “normal for longer” rates. Montecito Investment Portfolio remains dedicated to assisting clients in achieving financial independence.