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More of the Same


Equity markets remained calm during the second quarter of 2024 and continued the trend of the year to-date.  The S&P 500 Stock Index rose 4.7% once again led by the technology sector, as the benefits of artificial intelligence remained in focus.  The economy continued to show resilience, with over 206,000 jobs added in June although the unemployment rate ticked up a bit to 4.1%.

 

The Federal Reserve held interest rates steady, with a Fed Funds Rate of about 5.3%, while continuing to monitor inflation data.  Fixed income securities remain relatively attractive.

 

So far, the markets seem to be ignoring the political turmoil leading up to this year’s elections.  We will have to wait and see how that plays out.

   

We remain sanguine regarding the economic outlook, while always seeking new investment opportunities.

 

As always, I welcome your questions or comments.

 

Bill

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