While we hope you are enjoying other types of summer reading, if you wish to examine world capital market performance for the past quarter, you can check out our Quarterly Market Review for Second Quarter 2024.

In the U.S., it’s an election year, with the usual election rhetoric and high-stakes alarmism across the board. Elsewhere, global economic orders may be reshuffling as nearly half the world’s population heads to the polls amid continued war in the Middle East and Eastern Europe. Inflation continues to gnaw at our wallets as well. Economic policymakers are trying to navigate a landscape with few good precedents—and headlines and pundits fret that a misstep could jack up inflation or send the economy into recession.

Meanwhile, with the usual assortment of financial frenzies grasping for your attention, you may have felt a bit of FOMO (fear of missing out) creeping in. Nvidia and a handful other technology stocks catapulted upward through most of the second quarter. Bitcoin gained about 40% year to date, and meme stocks even reared their head again, with GameStop and AMC making headlines.

While it can be tempting to react to the news around us, maintaining a long-term perspective that’s grounded in history can be enormously freeing. As you read, watch or listen to the news, you can register moments when you start to feel fear or FOMO—and then you can move on, knowing your plan has you covered. Your globally diversified portfolio is built for these times—for all times—tailored for your goals, time horizon and risk tolerance.

With that, we wish you a happy and healthy summer and as always, we appreciate the trust you place in us. If you have any questions or concerns, please reach out and let us know how we can help.

View PDF: Quarterly Market Review (QMR) – Q2 2024