As we enter the 2nd quarter of 2024, here is the latest news, on-going developments, and the Q1 financial markets performance results:
- Review of Q1 2024:
- Following a robust Q4 in 2023 the markets continued its strong momentum. US equities reached an all-time high in Q1 of 2024.
- The Federal Reserve (The Fed) continues to push towards its 2% inflation target. Inflation continues to remain sticky driven by rises in shelter and energy prices.
- Strong corporate earnings and labor markets were the big themes that are believed to help drive the positive results in Q1.
- Developments to monitor:
- We continue to keep a close eye on the Federal Reserve and inflation trends in 2024. Current market sentiment indicates that the Fed hopes to cut rates in 2024, but this will be data dependent as chairman Powell has stated.
- Election Year Concerns: Click the link for a short and interesting piece on election year stock returns. While there might be some short-term volatility around the election, historical data has shown us that the returns for the S&P 500 are better than average during election years.
- Earnings: Q4 earnings surpassed expectations, providing a positive boost. As Q1 earnings reports roll in, we’re closely tracking company performance, hopeful that they will contribute to sustaining the upward trajectory observed at the start of 2024.
- Market Performance for Q1 2024:
- Equity Benchmarks 1
- S&P 500 (US Large Caps): +10.56%
- Russell 2000 (US Small Caps): +5.18%
- MSCI EAFE (International Developed): +5.78%
- Fixed Income Benchmarks 1,2
- ICE BofAML US Corp & Govt 1-10 Yr A-Rated (Bonds): -.17%
- Barclays US Aggregate Bond Index (Bonds): -.78%
- Alternative Investment Benchmark 3
- HFRX Global Hedge Fund Index (Alternative Investments): +2.6%
- Equity Benchmarks 1
Continuing with strong results in Q1 2024, we are pleased to observe the markets maintaining their positive momentum. Our strategy remains steadfast in aiming for long-term and sustainable investment outcomes. Moving forward, we are committed to closely monitoring all market and economic developments.
As always, we express our gratitude for your trust and confidence in our team!
1 Source: Blackrock
2 Source: ICE Index Platform
3 Source: HedgeFundResearch.com
Investment advice offered through Stratos Wealth Advisors, LLC, a registered investment advisor. Stratos Wealth Advisors, LLC and Veritas Boston Wealth Management are separate entities.
“The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as
predicted and there can be no guarantee that strategies promoted will be successful. No reader should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own
research and due diligence.” Indices mentioned are unmanaged and cannot be invested into directly. Past
performance is not a guarantee of future results.
