Jul 12, 2024
It’s time for another quarterly market update from the Monument Wealth Management team!
In this episode of Off the Wall, our lovely co-host Jessica Gibbs has returned from maternity leave. Please help us give her a warm welcome back!
For this mid-year review, Jessica and co-host David B. Armstrong are joined by Erin Hay and Nate Tonsager from Monument’s Portfolio Management team.
You’ll hear what sectors are performing well in 2024, which stocks are driving the market (and how that compares to previous years), and why you should be checking company earnings and share prices when buying and selling stocks.
Plus… Will the 2024 presidential election increase volatility in the stock market? Should you change your investment strategy around the election? Tune in to find out!
“Just remember that earnings drive share prices and when prices get ahead of earnings, the probability of disappointment increases with each new earnings report.” – David Armstrong
Episode Timeline/Key Highlights:
[00:00] Welcome back Jessica! & The topic of today’s episode.
[00:54] Market recap of Q2 and 2024 overall.
[10:40] An important note about large cap and mega cap stocks in the S&P 500.
[17:45] Notable market stats and insights from Q1 and Q2.
[22:51] Stock Market Volatility: It’s role in investing & how to navigate it in 2024.
[24:32] 2024 Market Breadth: Our breakdown and bottom line.
[31:05] The impact of presidential elections on the stock market & Tips for investing during an election year.
[38:08] What are we most optimistic and pessimistic about?
Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.
Resources Mentioned:
Listen to recent episodes of Off the Wall: https://apple.co/46uttsg
J.P. Morgan’s Guide to the Markets: http://bit.ly/417YgYm
July 2024 BLS Employment Report: https://bit.ly/3VXjY0p
Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered
Follow our Asset Management team on LinkedIn:
Erin Hay https://www.linkedin.com/in/erinhay
Nate Tonsager https://www.linkedin.com/in/nate-tonsager-5a019b105
Connect with Monument Wealth Management:
Visit our website: https://bit.ly/monumentwealthwebsite
Follow us on Instagram: https://bit.ly/MonumentWealthIG
Connect on LinkedIn: https://bit.ly/MonumentWealthLI
Connect on Facebook: https://bit.ly/MonumentWealthFB
Connect on YouTube: https://bit.ly/YouTubeMWMFit
Subscribe to Monument #Unfiltered: https://bit.ly/monumentunfiltered
About “Off the Wall”:
OFF THE WALL is a podcast for business professionals and high-net-worth investors who want to build wealth with purpose. A little bit Wall Street, a little bit off-the-wall; it's your go-to for straightforward, unfiltered wealth advice on topics that founders, business owners, and executives care about.
Learn more about our hosts, Dave and Jessica on our website at https://monumentwealthmanagement.com.