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.
As can be seen in this graphic, the gains in the S&P ...
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