Q3 Market Recap: Fed Rate Cut, Labor Market Dynamics, and Predictions for the Rest of 2024

We're reviewing the Q3 2024 market and year-to-date trends, reflecting on our surprises, and highlighting our key insights drawn from the data. In this episode of Off the Wall, host Jessica Gibbs, CFP® is joined by Monument Wealth Management’s Portfolio Management team, Erin Hay, CFA, CMT and Nate Tonsager, CIPM. 

Tune in to hear our discussion on the strong yet volatile performance of global equities, the impact of the Fed's 0.50% rate cut, and observations of China’s capital markets. The team also explores market participation, seasonality, and labor market dynamics. 

“A lot of what we can do is be a more efficient economy through the benefits of AI, through technology. And really, AI isn't going to replace, I think, a significant amount of jobs. It's just going to make those jobs more productive.” - Nate Tonsager 

Episode Timeline/Key Highlights: 

[01:27] Q3 Market Recap and YTD  

[07:29] Market Participation and Seasonality Insights  

[13:19] Takeaways and possible impacts of Fed Rate Cuts 

[30:43] China’s capital markets 

[37:59] Find out what Erin is most pessimistic and optimistic about 

[42:36] Find out what Nate is most pessimistic and optimistic about 

Please see important podcast disclosure information at https://monumentwealthmanagement.com/disclosures.   

Resources Mentioned: 

Nate on the Fed Rate Cuts: https://www.linkedin.com/posts/nate-tonsager_does-it-really-matter-how-much-the-fed-cuts-activity-7242139084876361728-Ro3U?utm_source=share&utm_medium=member_desktop  

Erin’s LinkedIn post before the Fed Meeting: https://www.linkedin.com/posts/activity-7241869234748715008-_-9M?utm_source=share&utm_medium=member_desktop  

Erin’s LinkedIn post on the ILA Strike: https://www.linkedin.com/posts/activity-7247283097958780930-kCpN?utm_source=share&utm_medium=member_desktop  

Excerpt from John Konrad: https://x.com/johnkonrad/status/1840904466310316459  

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Erin Hay https://www.linkedin.com/in/erinhay 

Nate Tonsager https://www.linkedin.com/in/nate-tonsager-5a019b105 

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