The PCIA Research Team has been hard at work, poring over the latest market data so that we can deliver our best insights to you. Take a look at the latest report covering what happened in the month of June 2024. You will find quick facts and in-depth details on what has occurred, what that means for you and what’s ahead in the market and economic environment. Download the newest edition of the Month-in-Review below!
Quick Takes
- Risk Assets Drift Up. For the month of June, risk assets saw some upward momentum, especially in Large Caps and Emerging Markets, but International Equities and Small Caps had a tougher go for the month.
- Inflation Continued Softening. Inflation, as measured by the Fed’s preferred metric of PCE Deflator, showed some promising signs of price pressures easing. While encouraging, Fed rhetoric suggests that they will be patient before transitioning to a looser monetary policy.
- King Dollar. The dollar climbed sharply higher throughout the month of June, especially as other Central Banks eased their respective tightening of monetary policies, leaving the USD as one of the globe’s higher-yielding currencies.
- Personal Spending and Labor Markets. Personal Spending showed robust signs in the June reading for the month of May and Labor Markets showed continued resiliency but might be nearing an inflection point. With Labor Markets continuing to show signs of strength, it’s of little surprise that wages posted a respectable uptick in the June data reading.
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This article is not to be construed as financial advice. It is provided for informational purposes only and it should not be relied upon. It is recommended that you check with your financial advisor, tax professional and legal professionals when making any investment or any change to your retirement plan. Your investments, insurance and savings vehicles should match your risk tolerance and be suitable as well as what’s best for your personal financial situation.
