Quarterly Market Newsletter | July 2024

Q2 2024 Review Equity Market Through the first half of the year, the S&P 500 has rallied 15.3%, largely fueled by the handful of mega-cap technology companies on the leading edge of the AI Boom. In fact, over half of the index’s return can be attributed to five stocks[1]. Market breadth remained narrow through the second quarter. According to Morgan…

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Weekly Market Recap | June 24, 2024

Week in Review Equity Markets: For the eighth week out of the past nine, the S&P 500 ended positive. The S&P 500 has recorded 31 new all-time highs so far in 20241. Despite the market’s concerns about a slowing economy, an overly restrictive Fed, and stick inflation; the S&P 500 has rallied 15.36% year-to-date. The rally so far has been…

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Weekly Market Recap | June 18, 2024

Week in Review Equity Markets: The NASDAQ and S&P 500 continued their climbs to new record highs last week. The S&P 500 ended the week up 1.6% while the NASDAQ finished up by 3.3%. Large Cap Growth continues to outpace its value counterpart. The Russell 1000 Growth finished the week up 3.48% and the value index fell 1.11% as investors…

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Weekly Market Recap | June 10, 2024

Week in Review Equity Markets: The markets recovered from the small pullback that occurred the prior week. The S&P 500 ended the week up 1.36%. Large-cap growth significantly outperformed its value counterpart. The Russell 1000 Growth finished the week up 2.72% compared to the Russell 1000 Value Index ending down 0.82%1. Small caps also lagged the broader markets with the…

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Weekly Market Recap | May 21, 2024

Week in Review Equity Markets: Last week saw all major indices hit new record highs. On Wednesday, the S&P 500 reached 5,325 and the Dow topped the 40,000 level for the first time. The Russell 1000 Growth Index extended its year-to-date gain to 13.34%, well above its value counterpart’s return of 8.95%. Emerging markets were the top performer last week,…

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Weekly Market Recap | May 6, 2024

Week in Review Equity Markets: The S&P 500 extended its winning streak to two weeks following strong earnings reports and a moderating labor market. The S&P 500 finished the week up 0.56%. The style trend swung back to Large-Cap Growth last week. The Russell 1000 Growth finished the week up 1.02% while its value counterpart was essentially flat for the…

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Weekly Market Recap | April 29, 2024

Week in Review Equity Markets: The S&P 500 reversed the recent trend and finished the week positive for the first time in three weeks. The index finished up 2.68% behind strong tech earnings and a tech rally late in the week. The NASDAQ finished the week up 4.23%. The spread between large-cap growth and large-cap value remains but is narrowing….

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Quarterly Market Newsletter | April 2024

Q1 2024 Review Following a year of narrow breadth in the market, where only a few companies in the S&P 500 drove the majority of the index’s return, the first quarter saw breadth expand. The S&P 500 finished the quarter up 10.56%, outpacing the NASDAQ’s 9.3% return[1]. The Russell 1000 Growth finished the quarter up 11.41%, continuing its leadership relative…

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Weekly Market Recap | April 8, 2024

Week in Review Equity Markets: The S&P 500 slowed in the first trading week of the new quarter. The index ended the week down 0.93% following a broad sell-off on Thursday. The Russell 1000 Growth fared better than its Value counterpart, ending the week only down 0.67% and 1.33% respectively1. A rally in commodities, specifically oil, which saw WTI Oil…

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Weekly Market Recap | April 1, 2024

Week in Review Equity Markets: The S&P 500 posted a modest gain of 0.4% for the week but closed the week at a new high of 5,254. The S&P finished the first quarter up 10.2%, its strongest first quarter performance since 20191. The style gap narrowed as the quarter went along. The Russell 1000 Growth finished the quarter up 11.41%…

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