commentary

Monthly Market Update - August 2024

July was a month of twists and turns -- and not just in presidential politics. Within the markets, the byword was rotation as large tech faltered and small and mid cap stocks revived. It took a final day rally to push the S&P 500 positive, rising 1.2% for the month, bringing the year-to-date return to 16.7%. After years of underperformance, small stocks leaped to the head of the class, with the Russell 2000 rising 10.2%, constituting the bulk of the index’s 12.1% year-to-date advance.

Reinhart Week in Review by Madison Investments 8.2.2024

This week the Federal Reserve unanimously voted to leave rates unchanged, employment markets came in below expectations while unemployment accelerated more than predicted. Read how Reinhart Fixed Income thinks this will impact markets.

Reinhart Week in Review by Madison Investments 7.26.2024

Reinhart Fixed Income looks at how the 2nd quarter GDP print, and June’s Personal Consumption Expenditure Price Index play into the Fed’s decision-making. Read what this could mean for interest rate cuts in their Week in Review.

Reinhart Week in Review by Madison Investments 7.19.2024

Retail sales from June remained positive, China’s GDP continues to lag expectations, and long-term municipal debt issuance increased 36% from this time last year. Read Reinhart Fixed Income’s Week in Review to dive deeper into these topics.

Q2 2024 Market & Economic Review

Download our quarterly communication with market and economics charts, and commentary on events of the previous quarter.

Reinhart Week in Review by Madison Investments 7.12.2024

The job market appears to be softening, Fed Chairman Jerome Powell testified before the House and Senate, and inflation appears to be moderating. Read the Reinhart fixed income team’s Week in Review to understand what this means for markets.

2024 Mid-Year U.S. Equity Letter from Haruki Toyama

Monthly Market Update - July 2024

Looking at just the headline indices, June was another stellar month for stock investors. The S&P 500 Index was up 3.6% for the month, bringing the year-to-date return to 15.3%. But underneath this banner was a different story. The equal-weighted S&P was down for the month, as were the major mid-cap and small-cap indices. So, too, for the value indices. For the month, only three sectors, Technology, Consumer Discretionary, and Communication Services, beat the overall index.