Global Market Commentary: 

Second Quarter 2024

Global equity markets had a very mixed second quarter, as the mega-caps and smaller-caps struggled while the larger-caps and tech names performed very well.

Despite the mixed results in the second quarter, by many measures, U.S. and global equities are off to a good start in 2024, building on the terrific performance from the final quarter of 2023. As an example, the S&P 500 has turned in a gain of about 15% YTD and these first 6 months are among the top-seven best starts in the last 35 years, as the S&P 500 has recorded more than 30 new record closes so far in 2024.