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

Matthew Allgood |


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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! 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

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Source: Bloomberg, Redwood. Data as of 12/29/2023. Date range from 1/1/2010 – 12/29/2023. For illustration purposes only.


  • We believe capital preservation 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.



Allgood Financial

Disclosure: This piece is for informational purposes only and contains opinions that should not be construed as facts. Information provided herein from third parties is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Charts and graphs are for illustrative purposes only. Discussion of any specific strategy is not intended as a guarantee of profit or loss.  Past performance is not a guarantee of future results. The objectives mentioned are not guaranteed to be achieved. Investors cannot invest directly in any of the indices mentioned above. RiskFirst® is a registered trademark of Redwood Investment Management, LLC.



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