The third quarter of 2024 marked a turning point with long-awaited relief from the Federal Reserve’s elevated rates. Markets rallied significantly, driven by optimism for a soft landing, improved inflation data, and the initial round of rate cuts.
Like a rollercoaster, trying to time the ups and downs of the ride and getting off while it’s in motion is how you get hurt. The best action is to stay on the ride until you reach the final destination.
Like a rollercoaster, trying to time the ups and downs of the ride and getting off while it’s in motion is how you get hurt. The best action is to stay on the ride until you reach the final destination.
Markets were off to one of the best starts in decades during the first half of 2023—then came the third quarter.
During the second quarter of 2023, investors rode a wave of economic uncertainty as markets grappled with persistent inflation, central bank activity, the fallout of banking sector struggles, and debt-ceiling drama.