2nd Quarter 2024
Submitted by Group W - Investment Management on July 11th, 2024In the second quarter, markets shrugged off concerns about inflation and potential rate moves by the Federal Reserve. Buoyed by AI enthusiasm and mega-cap outperformance, U.S. equities moved upwards, with the S&P 500 Index gaining 4%.
Information technology and communication services were the top-performing sectors, up 14% and 9%, respectively. In the coming quarters, look for old-economy sectors such as healthcare, energy, and financials to do some catching up as that is where the better values lay in the market.
1 July 2024 
