Welcome to the Monthly Market Update from Signature Wealth Management. I’m Brian Ransom, Research Director from Signature Wealth and here’s what happened in the [...]

  Welcome to the Monthly Market Update from Signature Wealth Management. I’m Brian Ransom, Research Director from Signature Wealth and here’s what happened in the [...]

Welcome to the Monthly Market Update from Signature Wealth Management. I’m Brian Ransom, Research Director from Signature Wealth and here’s what happened in the market this month. [...]

The market cap- and equal-weighted S&P 500 indices had a nice rally to end 2023. Much of this optimism was fueled by the expectation of multiple Federal Reserve interest rate cuts in 2024.

The market (S&P 500) peaked in January 2022, then fell 25.3% over the next 10 months. But then it retraced those losses to the tune of 28.2%. The 10-year Treasury may be the catalyst.

It appears that the market has started a correction over the last two months. Since last week, the market has fallen 4.2% - and 5.5% since the highs set at the end of July.