June 2024 Quarterly Market Update

Read our latest market and economic update for the second quarter of 2024

Key points:

Equity All-Time Highs: Global equities have continued to rise in Q2 2024, with many major equity markets reaching all-time highs. Australia failed to make new all time highs following inflation concerns.
Bond Mixed Performance: Australian bond yields rose following inflation worries. Global bond performance was mixed as rate cuts began in developed nations.
US Dollar Remains Strong: The US Dollar remained stable. Currency movements were dictated by idiosyncratic events. 
Cautious 2024 Outlook: Expect market volatility. Recommend diversified equities and medium-duration bonds. 
Sector Performance: Once again Technology outshone the rest of the market globally. In Australia defensive sectors performed well as investors worry about the macro environment.

Luke KiddJune 30, 2024

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June 2024 Quarterly Market Update

Key points:

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