TWG's Q2 2024 Market Update
Mike Earl, CFP®, CPWA®
You can watch a 10-minute video walkthrough of the key slides from our 2nd quarter market update in the video embedded below.
A link to a PDF of the entire slide deck is here.
Highlights from the deck:
- $1 invested into stocks in 1900 would yield over $69,000 of purchasing power in today's dollars.
- $1 invested into gold in 1900 would yield $97 of purchasing power in today's dollars.
- When stocks go higher in January and February (as they did this year), it typically bodes well for the remainder of the year -- with an average return of up 20% for the year (since 1950).
- In election years over the past 30 years, more money has gone into money market funds than stocks (a suboptimal allocation of capital).
- US companies are expected to grow earnings by more than 10% in 2024 (vs. 2023), and an additional 13% of earnings growth for 2025.