Dear Clients, Investors & Friends,

Attached, please find Maridea’s latest Monthly Market Update for February 2024. This concise report offers a snapshot of key trends and insights shaping the current economic landscape. Here are the summary takeaways for this month:

• The S&P 500 Index gained +1.6% in January, while the Russell 2000 Index traded down by -3.9%. Five of the eleven S&P 500 sectors traded higher. Communication Services, Financials, and Health Care each outperformed the S&P 500, while Real Estate, Consumer Discretionary, and Materials traded lower.
• Corporate investment-grade bonds produced a -0.4% total return as Treasury yields rose, slightly underperforming corporate high-yield’s +0.1% total return.
• International stocks traded lower and underperformed U.S. stocks. The MSCI EAFE Index of developed market stocks returned -0.5%, while the MSCI Emerging Market Index traded lower by -4.5%.

Your success is our priority, and staying informed is crucial. Feel free to reach out with any questions or to discuss how these market insights may impact your financial goals.

Best regards,

Maridea

Maridea Wealth Management

Phone: (269) 598-0939 | Email: [email protected]

www.marideawealth.com

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View Attached Report