SWS July Insights

S&P 500 continues rising as other areas of the Equity Market struggle

The S&P 500 continued its upward trend, gaining 3.59% in June and over 15% through the first half of the year. Globally and within the US equity, markets were more mixed with mid and small cap US stocks losing ground in June as well as developed international. Emerging markets were able to outperform the S&P 500, with the MSCI Emerging Markets index rising 3.94%. The first half of the year has shown the strength of US large caps versus the rest of the equity market, with technology and technology-adjacent companies continuing to fuel the gains and market optimism.

July 2024 - Monthly Report.pdf

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