Market Commentary - June 2024

• Markets continued to climb higher in Q2, with the S&P 500 and the Nasdaq rising 4.3% and 8.5%, respectively.

• The Federal Open Market Committee (FOMC) held rates steady but updated its outlook from three rate cuts to one rate cut in 2024.

• While earnings, U.S. elections and rate uncertainty will likely bring some bumpiness to the markets in the second half of the year, remain focused on your long-term goals.