Q3 Market Recap: Fed Rate Cut, Labor Market Dynamics, and Predictions for the Rest of 2024

10/10/2024 50 min Temporada 1 Episodio 64
Q3 Market Recap: Fed Rate Cut, Labor Market Dynamics, and Predictions for the Rest of 2024

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Episode Synopsis

We're reviewing the Q3 2024 market and year-to-date trends, reflecting on our surprises, and highlighting our key insights drawn from the data. In this episode of Off the Wall, host Jessica Gibbs, CFP® is joined by Monument Wealth Management's Portfolio Management team, Erin Hay, CFA, CMT and Nate Tonsager, CIPM.    Tune in to hear our discussion on the strong yet volatile performance of global equities, the impact of the Fed's 0.50% rate cut, and observations of China's capital markets. The team also explores market participation, seasonality, and labor market dynamics.    "A lot of what we can do is be a more efficient economy through the benefits of AI, through technology. And really, AI isn't going to replace, I think, a significant amount of jobs. It's just going to make those jobs more productive." - Nate Tonsager    Episode Timeline/Key Highlights:    [01:27] Q3 Market Recap and YTD   [07:29] Market Participation and Seasonality Insights   [13:19] Takeaways and possible impacts of Fed Rate Cuts  [30:43] China's capital markets  [37:59] Find out what Erin is most pessimistic and optimistic about  [42:36] Find out what Nate is most pessimistic and optimistic about    Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.      Resources Mentioned:  Nate on the Fed Rate Cuts: https://www.linkedin.com/posts/nate-tonsager_does-it-really-matter-how-much-the-fed-cuts-activity-7242139084876361728-Ro3U?utm_source=share&utm_medium=member_desktop   Erin's LinkedIn post before the Fed Meeting: https://www.linkedin.com/posts/activity-7241869234748715008-_-9M?utm_source=share&utm_medium=member_desktop   Erin's LinkedIn post on the ILA Strike: https://www.linkedin.com/posts/activity-7247283097958780930-kCpN?utm_source=share&utm_medium=member_desktop   Excerpt from John Konrad: https://x.com/johnkonrad/status/1840904466310316459   Listen to recent episodes of Off the Wall: https://apple.co/46uttsg  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. 

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