Financial markets in the second quarter of 2024, while less dynamic than the first, still provided investors with gains that bolstered overall returns for the year's first half. Despite numerous stock market benchmarks reaching record highs this year, we don't believe stocks are overvalued.
Investors are now hoping for a soft landing for global economies, with a keen focus on central bank announcements regarding inflation stabilization or reduction. Should this occur, interest rates may decline, potentially leading to attractive risk-adjusted returns for bond investments, including both income and price appreciation.
For a more comprehensive analysis of the second quarter and our outlook, we invite you to read our latest issue of SIA Perspectives.