Equity Commentary
Continued High Equity Markets
Equities continued to reach record level highs driven by investor optimism. During the third quarter of 2024, the Russell 3000 Index gained 6.2%.
Fixed Income Commentary
The Federal Reserve Cuts Rate for the First Time Since 2020
Core bonds were up 5.2% in the third quarter as the market began to price in significant cuts to the Fed Funds rate.
Economic and Market Overview
Mid-year Outlook
With second quarter GDP exhibiting a growth rate of 3% the resilience demonstrated by the United States economy was truly impressive.