Renowned theoretical physicist Albert Einstein once said, “the eternal mystery of the world is its comprehensibility.” In our latest CIO Monthly Perspective, Peering into the Unknown, Rockefeller Global Family Office Chief Investment Officer Jimmy Chang examines Einstein’s comments in the context of the financial markets and discusses the rationale and ramifications of the Fed’s stunning pivot from “higher for longer” to “cuts around the corner.” He also touches on some of the geopolitical and economic challenges the U.S. and world economies will face in 2024 and how equities have historically fared during presidential election years.
