The quarter got off to a rough start in April, as stubbornly high inflation led to revised expectations for interest rate cuts, sending stocks falling and breaking a five-month winning streak. But stocks bounced right back in May, as improving inflation data and strong corporate earnings boosted the market.
Q1 2024 was a welcome change. It has been a long time since we began a new year with as much collective optimism as 2024. We would need to go pre-COVID to find such a rosy global economic outlook.
The fourth quarter began, as most have in the recent past, with markets facing a myriad of challenges – not the least of which was inflation, which remained uncomfortably high.
Upbeat out of the gate following a better-than-expected first half of the year, Q3 began with markets continuing their steady climb higher.
For the safety and well-being of our staff, CORE Investment Management is closing at noon on Tuesday, August 29 and will reopen at 8:30 am on Thursday, August 31.
Following a better-than-expected start to the year, we entered Q2 optimistic but facing a great deal of continued uncertainty. Despite the challenges, markets remained resilient and finished the first half of 2023 strong.