July 2024 Market Update

In this July market update, our Chief Investment Officer, Brian Andrew, CFA®, examines the latest market trends and discusses their implications for the month ahead.

Key Takeaways:

1. Political Impact: The upcoming election could significantly affect fiscal policies, tariffs, and defense spending. These changes might influence market trends, with potential benefits for industrials and headwinds for healthcare.
2. Interest Rates: The Federal Reserve is expected to cut interest rates in September and December. Despite inflation falling below 3%, stable rates could benefit bond investors moving out of cash, although Fed forecasting reliability is questioned.
3. Market Volatility: The stock market saw a notable rally led by small-cap stocks in July. However, caution is advised until economic acceleration is clearer. Expect volatility August through October, which could present investment opportunities due to price fluctuations.

We hope you find this video educational and informative. If you have any questions, please contact your Merit Financial Advisor. Stay Connected. Stay Informed. Follow us on social media to be the first to hear about Market Updates!