Market Update for the Month – Ending August 31st, 2024
Presented by Sean P. Reilly, Managing Director, GatherWealth Investment Management
sean@gatherwm.com
(401) 310-3920
Quick Hits
Solid Month for Stocks
Stock returns were positive in August despite an early month sell-off.
Bonds Continue to Rise
Falling interest rates led to positive bond returns for the fourth consecutive month.
Interest Rate Cuts Ahead
Investor expectations for rate cuts rose during the month.
Continued Economic Growth
Economic updates released during the month showed signs of continued growth.
Risks to Monitor
Markets face a variety of risks as we finish the third quarter.
Positive Outlook for Markets and the Economy
Markets and the economy set for continued growth in the months ahead.