Fourth Quarter Market Recap: A Look Back at the Markets and Portfolios Performance As we say goodbye to 2024 and step into the new year, it’s the perfect time to reflect on how the North American markets closed out the year. After an impressive third quarter, I was hopeful that the momentum would carry into […]
Category Archives: Annual & Quarterly Updates
2024 Third Quarter Review
Third Quarter Market Recap: Navigating Volatility and Tech-Driven Rallies The third quarter of 2024 was anything but boring, with markets experiencing both soaring highs and sharp drops. Investors on both sides of the border navigated lower interest rates, slowing inflation, mixed economic data, strong earnings reports, and global stimulus efforts—all fueling heightened volatility, particularly in […]
2024 Second Quarter Review
The second quarter of 2024 was nothing short of a rollercoaster, with markets swinging between strong economic data, shifting rate expectations, and a tech-fueled rally that dominated much of the narrative.
2024 First Quarter Review
In the first quarter of 2024, the four major North American indexes – the Toronto Stock Exchange Composite Index (TSX), the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq) – successfully continued the upward trajectory initiated by the rally that started in November 2023. Much like last year, the first quarter closed on a high note, hopefully paving the way for another robust year of corporate growth and rising share prices. Fueled by technological advancements, strong corporate earnings, and hopes of interest rate cuts, the market’s resilience might signal more good news for investors.
2023 Fourth Quarter and Twelve-Month Review
After a dismal 2022 for the four major North American indexes, it was great to see they closed out 2023 with big gains in the fourth quarter, leading to record highs. The three American indexes – the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq) – all ended the year riding a 9-week weekly winning streak. The Toronto Stock Exchange Composite Index (TSX) was not as hot but still concluded the year with three straight weeks of gains.
Despite initial concerns about inflation and recession, 2023 turned out to be a remarkable year for stock market performance. This unexpected rally was led by mega-cap technology stocks and other growth companies that had faced significant losses during the bear market in 2022.
2023 Third Quarter Review
Since the start of the year, all four of the major North American indexes – Toronto Stock Exchange Composite Index (TSX), the S&P 500 Index (S&P), the Dow Jones Industrial Average (DJIA), and the Nasdaq Composite Index (Nasdaq) – finished the first half higher than they started, as did the three portfolios, thanks to a bull run in the Nasdaq and the S&P. Unfortunately, what had been a strong bull run for the first half of the year, saw the emergence of a bear or two in the third quarter.
Let’s look at what happened during the third quarter of 2023 ….