Attached is the Maridea Monthly Market Update for September 2024. This report offers a snapshot of key trends shaping the current economic and market landscape. Here are the takeaways for this month:
- The S&P 500 Index returned +2.3% in August, outperforming the Russell 2000 Index’s -1.7%return. Nine of the eleven S&P 500 sectors traded higher, led by Consumer Staples, Real Estate,Health Care, and Utilities.
- Corporate investment-grade bonds produced a +1.9% total return as Treasury yields declined,slightly outperforming corporate high-yield’s +1.5% total return.
- International stock performance was mixed. The MSCI EAFE developed market stock indexreturned +3.3% and outperformed the S&P 500, while the MSCI Emerging Market Indexreturned +1.0%.
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