Welcome to our June 2024 Market Update!
First and foremost, please let me thank all who attended and support a great Market Outlook Luncheon in May! We had two great speakers who touched upon topics such as the direction of interest rates, the elections and the stock markets. If you couldn’t make it, please let me know and I’m happy to share a recap and look forward to next year!
May was a solid month for stocks, as they rose 4.8%.1 Meanwhile, as you know I keep a close eye on the debt markets and they appeared relatively calm last month. For example the 10-year US Treasury remained around the 4-1/2% yield range.2
In my opinion, we’re still going to see rates decline as we move through 2024. I also feel this bodes well for stocks. Have you heard of any of the following terms: Hard Landing, Soft Landing, Goldilocks?! If not, good for you! If you have we would definitely prefer the latter of “Goldilocks” as I believe that would mean interest rates decline, stocks rise and the economy grows a bit.
I hope you enjoy a great start to the summer here in the Pacific Northwest and please let me know of any feedback or questions.
Thank you!
Successfully,
Tim Truebenbach, CFP®
Senior Vice President – Financial Advisor
Disclaimers and Sources
1 Source: Thomson ONE Reuters, 6/10/2024
2 Source: CNBC, U.S. Treasury Yields, 6/1/2024
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Content in this material is for general information only and not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
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