Macro Insights Q2 2024

We believe the bull market cycle continues in 2024. Better than expected economic growth, strong corporate and consumer health, an acceleration in corporate investment and a US election year should support equity markets. Growth will likely continue to lead in the near term, but a reheating economy could create conditions for a potential lasting shift to more cyclical categories. Additionally, while sentiment has improved amid improving economic conditions, investors remain cautious—providing ample room for upside surprise and continued strong equity returns.