Lots of speeches by lots of Federal Reserve officials this week — far more speeches than relevant data on the US economy. That, of course, all changes at the end of the week when the nonfarm payrolls for September are released, along with the unemployment rate and various compensation measures. Last week, stocks were up, and bonds were flat. The MSCI Emerging Markets index meaningfully outperformed the MSCI EAFE (non-US developed) and the S&P 500. The number of S&P 500 stocks achieving a new high this quarter (339) is the highest in 22 years, indicating the market has broadened beyond the mega-cap growth stocks. Across U.S. style & market cap indices, mid-cap value did the best, and the value factor led more broadly. On the wealth planning front, we discuss various planning strategies to offset gains.
Click Here to Read the September 30, 2024, Economic Commentary
Click Here to Read the September 30, 2024, Investment Commentary
Click Here to Read the September 30, 2024, Wealth Planning Commentary
