This writeup is being completed after market close on 8/5/24, after 3 consecutive days of stock market pullback to start August. The first part of the writeup will focus on a review and analysis of market activity through Wednesday, July 31, but the last couple pages will include comments on the early August pullback.
For the second quarter of 2024, large growth stocks and emerging market stocks produced positive returns while value stocks, smaller cap stocks, and developed market international stocks had price declines.
May was a good month for all asset classes. Interest rates dropped slightly and corporate earnings reports were generally positive, providing a tailwind for markets.
*Investment outlook content presented on this page is provided for informational or educational purposes only, and should not be considered individualized investment advice. Opinions expressed are those of the author and not necessarily those of Advyzon Investment Management LLC (AIM). Opinions are considered accurate as of the date of publication, but are subject to change without notice. Certain information may constitute “forward-looking statements” which can be identified by the use of terminology such as expect, anticipate, target, project, estimate, intend, or believe. Due to various risks and uncertainties, actual events or performance of investments may differ materially from those reflected or contemplated in such forward-looking statements. AIM was approved by the SEC as a registered investment adviser in March 2022. Some content included here was prepared by individuals prior to their employment with AIM.