“After a hot start to the year, equity markets had a rather up and down quarter. Mega cap technology stocks powered the S&P 500 higher, but almost every other major equity asset class (save emerging markets) had a negative quarter. Fixed income was not immune from the malaise that affected most equity markets, as it too got swaddled up in a ho-hum quarter. The doldrums of summer monicker that typically apply to capital markets is out in the window in presidential election years. Combine the fact that this is an election year (with this year having unique uncertainties) with an ever-increasing narrowing of companies moving the market (hello Nvidia!), and the third quarter of 2024 is setting up to be the baseball equivalent of “talk to me after the all-star break.”
Click here to finish reading the 2024 – Q2 – Market Commentary
Prepared by Schneider Downs Wealth Management Advisors, L.P.
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