Equity Markets Equity returns through the first half of 2024 were broadly positive. US large cap equities outpaced most other asset classes; the S&P is up 15.29% year-to-date thanks to the Magnificent 7 which accounted for 61% of the S&P’s year-to-date return1. Value stocks and US small cap equities stumbled in the second quarter resulting in muted year-to-date performance relative… Read More
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2024 Investment Market Outlook
Coming into 2024, global financial markets are at an inflection point. U.S. 10-year Treasury rates have fallen from the 5.0% October 2023 peak to just under 4.0%.1 Stocks have rallied aggressively, with U.S. equity market indices close to or, in the case of the Dow Jones Industrial average, at all-time highs. Fear of a looming recession in early 2023 has… Read More