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Jan 15, 2019

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MARKET UPDATE – AUGUST 2024

MARKET UPDATE – AUGUST 2024

VALUATION CONCERN BRINGS PROFIT-TAKING IN TECH LEADERS The tide turned for the Magnificent Seven stocks during July as a disappointing start to the tech stock earnings season saw Alphabet, Tesla, and Microsoft share prices slide. This prompted the Nasdaq to fall 10%...

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MARKET UPDATE – JULY 2024

MARKET UPDATE – JULY 2024

A MIXED QUARTER FOR MARKETS AS RATE CUTS HOPES RECEDE The second quarter was mixed for financial markets. Inflation during the first quarter proved concerningly sticky, and markets factored in a higher-for-longer inflation and interest rate outlook, which saw both...

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