Notes On The Market

Q3 – 2024:
The third quarter of every calendar year is consistently plagued with bad omens and mottos including things like “Sell in May and stay away” among others. While historical data suggests there is a modest downward tailwind as summer comes to a close and the school year moves into full swing, Q3 2024 proved once again to go against the grain, bringing returns for the S&P 500 index of 5.53%. With catalysts varying from volatility spikes to long anticipated rate cuts from the Federal Reserve, it was three months of rocky markets that ultimately ended in new highs for many major indices. (Download the full PDF here.)