SMID Cap Portfolio Review - October 2024
November 12, 2024
October, typically the stock market’s most volatile month, was a weak one for the financial markets. Both stock and bond investments generated negative returns. This occurred despite two positive developments – moderate inflation data that moved closer to the Fed’s 2% target and surprisingly favorable economic data. The upbeat economic activity, including strength in jobs, consumer spending and overall GDP, led investors to conclude that, although recent economic data had fluctuated in both directions, any remaining recessionary concerns should probably be put to rest.
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