QUARTERLY MARKET REVIEW Q4 2023

Gradient Capital Advisors, LLC is a Registered Investment Adviser. Advisory services are only offered to clients or prospective clients where Gradient Capital Advisors, LLC and its representatives are properly licensed or exempt from licensure.  This website is solely for informational purposes.  Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Gradient Capital Advisors, LLC unless a client service agreement is in place.