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Please note by using any of the links provided for your convenience you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse or guarantee content found in those sites. Your use of such sites is at your own risk.
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New Year & New Themes

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Created by: Fidelis Wealth Advisors

With the turn of the new year, we naturally shift our focus to the next 12 months to see what 2024 will bring us. Here are a few themes I’ll be watching as we enter a new year, in no particular order:

The Magnificent 7:
Not the Chris Pratt and Denzel Washington movie, but the 7 stocks that drove the majority of the return in the stock market in 2023: Apple, Google, Microsoft, Amazon, Meta (Facebook), Tesla, and Nvidia. If you expand these 7 stocks to the top-10 and include Berkshire Hathaway, Exxon Mobile, and United Healthcare Group, these 10 stocks were up 64% in 2023 compared to the other 490 stocks of the S&P up only 8%.** It was the year of the Magnificent 7, and perhaps the quote from Chris Pratt’s character, Josh Faraday, fits well here when he says, “So far, so good!”

Artificial Intelligence/Tech:
The theme of AI within Technology companies will continue to dominate the headlines. News out of CES, a large technology conference held every year, indicates impressive strides in artificial intelligence and the every-day use case that could be coming soon.

A year of the broadening?:
Much will be talked about this year related valuations of the stock market. The tech sector, on the backs of The Magnificent 7, is trading significantly above it’s 20-year average P/E multiple, while other parts of the market are not. Will this year be the year of the much discussed “broadening” where tech takes a backseat, or does the AI thesis continue to dominate investor sentiment?

Cash, money markets, and T-bills:
2023 was the first year in over a decade that yield was found in cash-instruments such as short-term T-bills and money market funds. Look for 2024 to continue this trend as the 3-month T-bill is still yielding 5.38% on an annualized basis.^

Inflation (or the lack thereof):
If 2022 and 2023 were dominated by high inflation, 2024 looks to buck the trend with inflation trending back to what would be historically normal levels. This doesn’t mean prices will fall (don’t we wish :-)), but that the inflation growth rate will normalize back to a more palpable number. The fall has been steady from 9.1% on headline inflation (June 2022) to the most recent print of 3.1% (November 2023), which has given us the belief that inflation may be leveling back to normal.*

Bitcoin hits the mainstream:
The Securities and Exchange Commission (SEC) recently approved a spot Bitcoin ETF, allowing investors to access this asset class via an ETF security. With the adoption of Bitcoin as currency in developing countries such as El Salvador, and indications that other Latin American countries may deem it legal tender in the near future, this approval by the SEC continues the accessibility to both retail and institutional investors on a much larger scale. In a stroke of poetic karma, these Bitcoin ETFs started trading exactly 15 years to the day after Hal Finney, believed to the be the first person to download and receive Bitcoin, tweeted, “Running bitcoin”, on January 11, 2009.

Election Year:
2024 is a major election year, not just in the U.S., but in much of the world. Dating back to just before World Ward II, the S&P 500 has only seen two down years in presidential election years, despite large intra-year volatility.

Hard, soft, or no landing?:
The most anticipated recession that has yet to come continues to be the topic of most economists. Will we have a soft landing (mild recession), a hard landing (deep recession) or no landing (we just keep flying with a good economy)? Most economist believe we can close the discussion on which “landing” we’ll get by the end of the year as we’ll have a more clear picture of where things are going.

New Coaches:
With the retirements of Bill Belichick, Nick Saban, and Pete Carroll, the football world will look to replace three iconic coaches, who between them won 7 Super Bowls and 9 College National Championships. Perhaps my favorite Nick Saban quote is, “Mediocre people don’t like high achievers, and high achievers don’t like mediocre people.”

There’s a lot going on and a lot of news to digest and understand how it plays into markets, investing, and the economy. Our job is to help you make good decisions with your money and build your financial fortress. We watch markets everyday so you don’t have to. As always, if you have any questions, please give us a call.

Please note by using any of the links provided for your convenience, you will be leaving Fidelis Wealth Advisors website. The hyperlinks are to websites and servers maintained by third parties. We do not control, evaluate, endorse, or guarantee content found in those sites. Your use of such sites is at your own risk.

This blog is general communication being provided for informational purposes only.  This information is in no way a solicitation or offer to sell securities or investment advisory services.  It is educational in nature and not to be taken as advice or a recommendation for any specific investment product or investment strategy.  This does not contain sufficient information to support an investment decision.  Any investment or investment strategy mentioned may not be suitable for all investors or in their best interest.   Statistical information, quotes, charts, references to articles or any other quoted statement or statements regarding market or other financial information is obtained from sources which we believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. All rights are reserved.  No part of this blog including text, graphics, et al, may be reproduced or copied in any format, electronic, print, et al, without written consent from Fidelis Wealth Advisors, LLC. Fidelis Wealth Advisors does not provide legal or tax advice.  Please be advised to consult with your investment advisor, attorney or tax professional before making any investment decisions.

Brandon Waite


Brandon is new to the wealth management business, however, he brings many skills useful to the profession because of his prior experience. Brandon has worked in the accounting world auditing hedge funds, venture capital firms, and low-income housing organizations. Assessing business risk and financial GAAP accounting has been his primary focus. He is passionate about the world of finance and helping individuals accomplish their financial dreams.

Brandon graduated from Brigham Young University- Idaho with a bachelor’s degree in accounting. Additionally, he holds two professional designations, Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE).



He lives in Castle Rock with his wife Emily, and their three daughters. Most of his free time consists of taking his daughters to the park, enjoying all types of sports, and watching movies.

Jessica Knox


Jessica joins Fidelis Wealth Advisors as a Leeds School of Business ’24 MBA Candidate focusing on Marketing. Previously, Jessica worked for the St. Louis Blues as the Youth Hockey Coordinator growing the game through various programs in the greater St. Louis area. Jessica also worked at the Indianapolis Motor Speedway organizing ticket distribution for events such as the Indianapolis 500. After graduating from Ball State University with an honors degree in Journalism, Jessica opted to work for a local youth hockey organization in the Indianapolis area. Jessica enjoys providing others with “Aha” moments and empowering them to achieve more than they ever thought possible.



Jessica grew up in Muncie, Indiana and slowly moved west because of her professional career. When not pursuing academic endeavors or working, Jessica is exploring new adventures through a variety of activities ranging from her daily walks as an active dog sitter to discovering and writing stories of all sorts.

Karley Winder

Karley Winder started at Fidelis Wealth Advisors in 2022. Currently, she is pursuing her bachelor’s degree in financial management at the University of Colorado Denver business school. At Fidelis, she specializes in working with clients on their 401k plans and is dedicated to providing a valuable and quality experience for them. Karley also has several years of entrepreneurial experience from starting her own local businesses in the past. She has sincere interest in finance and is eager to continue gaining experience in the field alongside her education.


Karley is a Colorado native and has lived in Castle Rock since she was a young girl. She enjoys horseback riding, Pilates, and mountain biking in her free time.

Rilee Erickson


Rilee began working in the financial services industry in 2017 as an associate specializing in property and casualty insurance, as well as life insurance.  Since joining Fidelis Wealth Advisors she has taken on a paraplanner roll, providing life insurance support, as well as client and operations support. She also hopes to obtain her own Certified Financial Planner® designation in the years to come. Rilee’s passion in the industry is helping people protect their family and their future.



Rilee graduated from the University of Wyoming with a Bachelor of Science in Agribusiness and Horticulture Science. She is a Wyoming native, growing up on the family cattle ranch in Lander, Wyoming, and now resides in Green River, Wyoming with her husband and two boys. Rilee enjoys spending a lot of time outdoors and exploring the beautiful and rugged Wind River Range.

Skye Fineran

Skye comes to Fidelis Wealth Advisors as an Administrative Assistant in 2021 and is a recent graduate from West Texas A&M University. There she earned a Bachelor of Business Administration in Management. Skye also completed Amarillo College’s paralegal certification program. Skye enjoys the rewarding feeling of helping clients to achieve their financial goals and looks forward to making a difference at Fidelis Wealth Advisors.


Skye grew up in Tecumseh, Michigan and currently resides in Castle Rock, Colorado with her family. Skye loves art history, playing golf, and spending time with her family and friends.

RIA Innovations

Fidelis Wealth Advisors has a strategic partnership with RIA Innovations, a Division of NWAM, LLC. RIA Innovations provides administrative support services for registered investment advisors nationwide. This service is under the direction of Nelly Mubashi, the Chief Operating Officer.


NWAM, LLC, dba Northwest Asset Management & RIA Innovations is an SEC registered investment adviser. NWAM, LLC dba Northwest Asset Management & RIA Innovations and Fidelis Wealth Advisors, LLC are not affiliated companies.

Gabriel Jones

Gabe started with Fidelis Wealth Advisors as an Investment Research Assistant in 2018, and has an intense passion for investment research.

Gabe is currently in college to obtain his Bachelors in Finance, and enjoys spending time outside of work hiking and reading.

Dawn Folmer

Dawn Folmer comes to Fidelis Wealth Advisors with a background in the finance industry, having previous experience with a registered investment advisory firm in Denver. Dawn is a recent graduate of Colorado State University Global, earning a Bachelor of Science degree in Organizational Leadership. As a skilled financial planning assistant, she enjoys the rewarding feeling of helping people reach their financial dreams and retirement goals.


Dawn is a Colorado native and resides in Castle Rock with her family, where they enjoy being adventurous and active in the outdoors. Additionally, she is passionate about travel, food, and playing golf.

Jeff Bullock

Jeff joined Fidelis Wealth Advisors after spending nearly 10 years working at J.P. Morgan Wealth Management in their Private Bank. As Chief Investment Officer, he is responsible for the overall investment strategy, portfolio construction, and market insights for clients.


Jeff held various roles during his decade at J.P. Morgan, including working as an investment specialist on their trading desk, where he was responsible for managing and trading investment portfolios for High Net-Worth families and non-profit foundations throughout the Rocky Mountain region. Jeff helped co-manage over $4.0 billion of investment assets and gained broad experience in portfolio construction and investment strategy, as well as in-depth knowledge in a variety of asset classes and markets. In recent years, Jeff was part of the leadership team that trained new advisors and established an expansion office in Utah.


Jeff loves helping people with their money-related questions and management. Very simply, his goal is to help others continuously improve their financial situation, regardless of the current condition. His framework centers around sound advice and proper decision-making by engaging in honest discussion and taking a long-term approach.


Jeff holds a B.S. in Accounting from Brigham Young University. He is a native to Colorado and loves playing golf and being outdoors. He lives in Highlands Ranch with his wife Nicole, and their two children.

Lorie C. Jones, MBA, CFP®

Lorie began working in financial services in 2013 with a Registered Investment Advisory firm in South Denver. She started as a paraplanner and provided technology and operations support before transitioning to a Client Services Manager role with Empower Retirement. There she managed a book of 300+ Core Market plans before joining Fidelis Wealth Advisors.


Lorie enjoys the challenges presented by financial planning and is rewarded by helping clients thoroughly understand the complexities of finance so they can be better informed and in control of their planning.


In addition to securities licenses, she holds health, life, accident, property, and casualty insurance licenses in the state of Colorado and completed her CERTIFIED FINANCIAL PLANNER™ designation from the CFP® Board of Standards. She is also a member of the Financial Planning Association (FPA).


Lorie recently launched the “Fearless Females” podcast, providing a unique space for empowering discussions that inspire women in the financial services industry and beyond. Through insightful interviews and stories, she fosters a community where challenges are met with resilience, amplifying female voices and demonstrating her dedication to fostering inclusivity and fearlessness in finance.


Lorie graduated from Colorado State University with an MBA. She enjoys running and has participated in several marathons and half-marathons around the country. She also enjoys hiking with her family, traveling with her husband David and their five children, and working with the cub scout and boy scout programs, including volunteering with the district.