Market Thoughts October 2024

Commonwealth CIO Brad McMillan recaps September’s market and economic news. It was a solid month for investors, as falling interest rates supported healthy market returns. The S&P 500 and Dow set new all-time highs, while the Nasdaq got close. Still, risks remain. In the U.S., the primary concern is slower growth, as shown by cracks in the labor market. While the Fed’s attempts to support the economy by cutting rates are helpful, a further hiring slowdown could spook investors. Political risks are also rising with the upcoming elections. What does this all mean for the path ahead? Stay tuned and follow Brad at blog.commonwealth.com/independent-market-observer.

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