Third Quarter 2024 Review

Equity markets experienced greater volatility in the third quarter, and with it came an overdue price correction in the second half of July and early August. U.S. stocks then rallied to finish the quarter in positive territory, with gains across most sectors and market capitalizations. The expanding breadth in market performance is good news, in our view.

We remain invested in equities but also recognize the potential for market rotations, which can often be tricky to navigate. From here, we will maintain a selective approach focusing on high-quality investments, while viewing any election-related market weakness as a potential buying opportunity.