We share our 2024 Outlook: Embracing Change, which draws out the importance of accepting, and looking for opportunity in, how our world is rapidly changing.  We again provide our views for three possible scenarios for the coming year. Our base case is a bit more muted than in years past, informed by our view that the world is being transformed, with tailwinds like artificial intelligence and headwinds like the need for Fiscal Transition across our economy, given increased levels of debt and higher interest rates. We also comment on more positive and negative scenarios, and we include our guidance on portfolio positioning and dynamic leanings.