Thanks to L.K. Benson for sharing with us.
Following a strong first quarter, the second quarter of 2024 was more of a mixed bag in the investment markets. The S&P 500 continued to lead the way with a 4% return, leaving it up over 15% for the year. However, US Small-Cap stocks dropped 3%, and REITs fell by about 1%. Outside of the US, developed market stocks were down less than 1%, while emerging market stocks were up almost 5%.
The bond market was relatively quiet in the second quarter, with the Bloomberg US Aggregate index up about 0.1%. Treasury yields rose for the quarter, but only by about 0.19%. The Federal Reserve declined to cut rates, but economic data continues to show support for potential rate cuts this year.
![A chart showing the top 10 stocks in the S&P 500 contribut to 74% return.](https://gigicauseyrealtor.com/wp-content/uploads/2024/07/1720194254173.png)
As can be seen in this graphic, the gains in the S&P ...
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