{"href":"https://api.simplecast.com/oembed?url=https%3A%2F%2Finvestment-update.simplecast.com%2Fepisodes%2Fq4-2024-investment-update-ceEb58Jx","width":444,"version":"1.0","type":"rich","title":"Q4 2024 Investment Update","thumbnail_width":300,"thumbnail_url":"https://image.simplecastcdn.com/images/e7991dd0-4432-4f05-946c-a4c17ec6f242/5b590333-f8ac-4c8d-a044-5e998d3ff0a5/cct-podcast-032824-b.jpg","thumbnail_height":300,"provider_url":"https://simplecast.com","provider_name":"Simplecast","html":"<iframe src=\"https://player.simplecast.com/a78e543a-b95a-47af-a139-cb5ec6dff412\" height=\"200\" width=\"100%\" title=\"Q4 2024 Investment Update\" frameborder=\"0\" scrolling=\"no\"></iframe>","height":200,"description":"Spencer C. Smith, Senior Managing Director and Head of Institutional Investments at Chevy Chase Trust, reviews 2024’s fourth quarter. The S&P 500 delivered another year of exceptional returns in 2024. Today, U.S. equity market valuations fully reflect both recent good news and expectations of more, increasing the risk of a correction if inflation picks up, the economy slows or anything else goes wrong. We see the broad markets as less attractive than 12 months ago, but we’re still finding opportunities in individual companies at home and abroad that we believe will better withstand – or even benefit from – the challenges and disruption that may lie ahead."}