Attached is the Maridea Monthly Market Update for October 2024. This report offers a snapshot of key trends shaping the current economic and market landscape. Here are the takeaways for this month:
- In 3Q24, the Fed started the process of normalizing interest rates after a volatile five years. The Federal Reserve Cuts Interest Rates by -0.50%
- Despite the volatility, the S&P 500 set multiple new all-time highs in 3Q24, adding to its list of new highs from earlier in the year.
- Bonds traded higher as investors prepared for the start of the Fed’s rate-cutting cycle. The 10-year Treasury yield fell from 4.37% at the end of June to 3.79% at the end of September.
- The key questions are (1) how much the Fed will cut interest rates and how the economy will respond to those rate cuts, and (2) how will the outcome of the Presidential election affect financial markets and the economy.
Your success is our priority, and staying informed is crucial. Feel free to reach out with any questions or to discuss how these marketing insights may impact your financial goal.