3Q 2024 Market Commentary

Herbein is pleased to share the 3Q 2024 Market Outlook, prepared by Herbein Financial Group investment advisor Matt Kline.

Report topics and insights include:

• US Economy: The US economy is slowing but not entering a recession, with GDP growing at a 3% annualized rate in Q2, while inflation has decreased from 7% to an estimated 2.2% as of August.
• Global Markets: Interest rates fell significantly in Q3, leading to bonds outperforming stocks (+5.8% vs +3.9%), with year-to-date total returns at +5.1% for bonds and +18% for stocks.
• Outlook: Despite the Fed cutting rates, we expect a medium to long-term increase in interest rates unless economic data weakens further, while remaining cautiously optimistic about risk markets and anticipating continued inflation volatility.

For a deeper understanding of these insights and how they can be leveraged for your financial success in 2024, download the full report today. Click here to learn more about Herbein Financial Group.

Article contributed by Matt Kline.


Disclaimer: Information presented should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. 

Information provided is general in nature and does not constitute personalized investment advice. A professional adviser should be consulted before implementing any investment decisions. Any tax and estate planning information provided is general in nature and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation.

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