Attached is the Maridea Monthly Market Update for December 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 returned +6.0% but underperformed the Russell 2000 Index’s+11.1% return. All eleven S&P 500 sectors traded higher, with Consumer Discretionaryand Financials gaining more than +10%. In contrast, defensive sectors, such as HealthCare, Utilities, and Consumer Staples, underperformed the S&P 500.
- Corporate investment-grade bonds produced a +1.8% total return as Treasury yieldsdeclined, marginally outperforming corporate high-yield’s +1.6% total return.
- International stocks traded lower for a second consecutive month. The MSCI EAFEdeveloped market stock index returned -0.3%, while the MSCI Emerging Market Indexreturned -2.7%.
Best regards,
Maridea
Maridea Wealth Management
Phone: (347) 289-5227 | Email: [email protected]