Market Update for the Quarter – Ending September 30th, 2024
Presented by Sean P. Reilly, Managing Director, GatherWealth Investment Management
sean@gatherwm.com
(401) 310-3920
Quick Hits
Stocks Rally in September to Cap Off Strong Third Quarter
Stocks continued to rise in September as improving fundamentals and lower interest rates supported returns.
Strong Quarter for Bonds
September capped off a strong quarter for bond investors.
Federal Reserve Cuts Interest Rates
The Fed lowered the federal funds rate in September for the first time in more than four years.
Healthy Economic Backdrop
Economic updates released during the month showed signs of continued growth.
Real Risks Remain
Markets face a variety of risks as we kick off the fourth quarter.
Cautious Optimism Warranted
The most likely path forward is for continued market appreciation and economic growth.
