Market Recap – October Major Benchmark Returns in October 2024 & Year-To-Date Geopolitical turmoil disturbed the market in October. Iran launched missiles at Israel, causing major stock indexes to briefly fall but swiftly recover, indicating that investors did not expect the conflict to escalate. Assets that tend to do well during crises did just that […]
September 2024
Market Recap – September Major Benchmark Returns in September 2024 & Year-To-Date Déjà vu? September got off to a rough start as concerns about a slowing economy triggered a sell-off in growth stocks. Then, the Fed’s bigger-than-expected 50-basis point rate cut powered the Dow Jones and S&P 500 into record territory. Investors should pay attention […]
August 2024
Market Recap – August Major Benchmark Returns in August 2024 August’s market sell-off may have been scary, but the recovery was spectacular. Though the sell-off was sparked by a swift decline in Japanese stocks, investors were also spooked by weak economic data, disappointing corporate earnings, and concerns that the Fed may be too late in […]
July 2024
Market Recap – July Rotation Major Benchmark Returns in July 2024 Momentum picked up in July as investors rotated from growth and high-flying tech companies into other corners of the market such as small cap, value, and dividend stocks. Both CPI and PCE reports further cleared the path for a September rate cut, which Fed […]
Summa Global Quarterly Newsletter – July 2024
Click here to download the PDF version of the newsletter. In This Issue: Uneven Distribution The equity market notched another strong quarter, with the S&P 500 gaining 4.3% and the tech-heavy Nasdaq up almost twice as much at 8.4%. Beneath the surface, however, this quarter’s returns were concentrated in just a few sectors, as only […]
Do You Know Where Your Money Goes?
For new graduates entering the workforce full time, it’s important to know who is getting a slice of your paycheck. Knowing this will help you stay within your means and form good budgeting habits. Check out the graph below for a visual representation of where your money goes – from your paycheck to the amount […]
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