January Financial Market Update with John Mateyko, APMA®, WMCP™, RICP®



John Mateyko Shares Year-End Market Insights: U.S. Markets Close 2023 on a High Note

As 2023 concluded, John Mateyko, Managing Partner of IDEX Financial, highlights that U.S. equity markets ended the year with strong momentum. Major indexes posted solid gains for the second consecutive month, fueled by investor optimism and a rally that began in October. While a traditional “Santa Claus Rally” wasn't required, long-term investors like those guided by John Mateyko found plenty of reasons to remain confident.

Market Recap from John Mateyko

According to John Mateyko, December’s performance capped a remarkable run for the markets:

  • The S&P 500 rose 4.42%, nearing its all-time high.

  • The Nasdaq 100 surged 5.51%, hitting a record monthly close.

  • The Dow Jones Industrial Average climbed 4.84%, also reaching an all-time high.

This marked a nine-week winning streak for the S&P 500—its longest in years. John Mateyko notes that this was largely driven by tech giants dubbed the “Magnificent 7,” which benefited from excitement around artificial intelligence. As we enter 2024, AI implementation remains a dominant theme for growth.

Bond Market Rebound: A Welcome Sign

John Mateyko points to an encouraging two-month rally in the bond market—the strongest in decades. After enduring prolonged weakness due to rising interest rates, bonds bounced back as optimism around potential Fed rate cuts took hold. This shift brought relief to many long-term investors looking for stability and income.

Small-Caps Reclaim Attention

John Mateyko emphasizes that small-cap stocks, measured by the Russell 2000 Index, gained 12.05% in December, significantly outperforming prior months. Often overlooked, these smaller companies are now back in focus due to their attractive valuations and growth potential.

Labor Market Signals Soft Landing

The November jobs report delivered positive news:

  • Nonfarm payrolls increased by 199,000, beating forecasts.

  • The unemployment rate fell to 3.7%, below the expected 3.9%.

  • The labor force participation rate also ticked up.

John Mateyko describes this as a “Goldilocks” labor scenario—stable job growth without overheating. He notes that such conditions support the idea of a soft economic landing, which is favorable for both equity and bond markets.

Federal Reserve and 2024 Rate Expectations

The Federal Reserve held rates steady at 5.25% – 5.50% during its December meeting. John Mateyko explains that while the Fed maintained its cautious approach, it hinted at three potential rate cuts in 2024—a sign of shifting toward a more accommodating monetary stance.

Markets responded positively, with stock indexes rising and treasury yields falling.

Markets Pricing More Than the Fed Projects

Interestingly, markets are expecting six to seven rate cuts, more than the Fed’s projection of three. John Mateyko advises clients to stay informed and flexible, as real-world economic data will ultimately determine the Fed’s path.

Key Takeaway from John Mateyko

With strong gains in both equities and bonds, December capped off a robust end to 2023. John Mateyko believes that while a short-term market correction may occur, such pullbacks could present opportunities for well-prepared investors. Having a clear retirement income plan—especially in changing market conditions—remains essential.

About John Mateyko

John Mateyko is a respected financial advisor with over two decades of experience. Based in Serenbe, Georgia, he is the Founder and Managing Partner of IDEX Financial, a firm dedicated to helping individuals navigate retirement and long-term financial planning.

After graduating from Augustana College with a degree in business, John Mateyko held leadership roles at financial institutions including Morgan Stanley, JP Morgan Chase, Atlas Securities, and US Bank. His work has consistently focused on personalized portfolio management and retirement income strategies.

Certifications and Education

John Mateyko holds several prestigious designations:

  • Fiduciary Financial Planner

  • Wealth Management Certified Professional (WMCP)

  • Retirement Income Certified Professional (RICP)

  • Accredited Portfolio Management Advisor (APMA)

He is currently pursuing the Certified Investment Management Analyst (CIMA) certification through the Yale School of Management, underscoring his commitment to ongoing excellence in financial services.

About IDEX Financial

Founded by John Mateyko in 2010, IDEX Financial began as a boutique investment firm in Chicago and expanded to the Atlanta area in 2018. The firm established its headquarters in Serenbe, Georgia in 2020. IDEX specializes in retirement planning, offering tailored financial strategies that prioritize clarity, trust, and long-term security.

Under John Mateyko’s leadership, IDEX Financial helps clients feel confident in their financial journey, whether they’re planning for retirement, managing wealth, or transitioning through life’s major events.

A Life Beyond Finance

Outside his professional achievements, John Mateyko remains actively involved in his community. He lives in Serenbe, a wellness-focused town in rural Georgia, and frequently participates in local initiatives that align with his values of service, balance, and sustainability.

In Summary
With a strong finish to 2023 and major market shifts on the horizon, John Mateyko continues to guide clients with clarity, expertise, and a steady focus on long-term financial health. For those looking to make the most of retirement opportunities in 2024 and beyond, working with an advisor like John provides both peace of mind and strategic insight.

Location: India

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