Q2 2024 Retirement Market Recap: Choppy Seas Ahead

Investors flock to thematic investing to stay afloat 

In the second quarter, investors saw unexpected volatility and high-performance dispersion across equity sectors and capitalization sizes, despite a strong Q1 for equities. Struggling to combat the back and forth, investors turned to thematic investing for stability amongst the hard-to-predict market — making the second half of 2024 anything but boring.  

With the unexpected choppy waters for Q3, you’ll want to read the full Q2 2024 Retirement Market Recap for insights on:  

• Equity market performance: Narrow market leadership driven by a small number of outperformers and sector-specific trends like artificial intelligence and GLP-1 semaglutide drugs. 

• Federal Reserve and interest rates: Uncertainty regarding the Fed's future actions and a “higher for longer" narrative are creating uncertainty in bond markets. 

• Geopolitical tensions: Growing concerns over the NATO alliance and international stability. 

• Global equity performance: Mixed international equity performance. 

• Fixed income and bond markets: Struggles in investment-grade fixed income and high-yield credit outperforming in the bond market. 

• Economic and market uncertainty: Difficulty in making long-term capital market projections due to economic and geopolitical uncertainties. 

• Market outlook: Potential for a market bubble, driven by new themes and trends. 

Download our report today to gain insight into the choppy seas ahead in Q3.  

Contact us with any questions about this Market Recap or how TruePlan can help enhance your organization's retirement offerings. For a 2024 refresher, read our Q1 Market Recap.