Welcome to our May 2024 Market Update! 

This month is brief as we have our Annual Market Outlook Luncheon on May 8^th to dive into details a lot deeper than I can do in 2-3 minutes in these videos.

In April, stocks saw exactly the opposite of what we’ve been experiencing since November: a down market.  The S&P 500 declined 4.2% in April.¹  While I feel this may be positive for stocks longer-term it is never welcome to see a portfolio decline in value.

Interest rates seem to have shifted from remaining stubbornly higher to actually rising a bit.  The 10-year US Treasury, for example rose from 4.20% to 4.66% in April.²

As we quickly approach summertime, when I believe market action typically slows down I think it makes sense to simply change nothing.  I feel a properly allocated portfolio has shown good results, and while April shifted in performance we still haven’t seen anything really change fundamentally.

One thing I keep hearing about that has remained on the back burner is election headlines and talk that spills into the markets.  I haven’t seen that occur yet, but I have to believe it’s coming…for better or worse!

While this month’s update is a bit short, please don’t hesitate to reach out if you have any questions or comments not addressed.

Thank you for watching and I hope to see you at the Lunch!

Successfully,

Tim Truebenbach, CFP®

Senior Vice President – Financial Advisor

Disclaimers and Sources

¹ Source: Investors Business Daily, The Big Picture, 5/1/2024

² Source: CNBC, U.S. Treasury Yields, 5/1/2024

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.