August 2024 Insights
AW constantly monitors the investment markets and aims to keep our valued clients regularly informed and updated. We aim to help investors cut through all the media noise and hype and understand what is really driving investment markets and portfolio returns.
In this edition, we cover USA economic slowdown fears. An overreaction.
Share markets have fallen sharply over the past few days due to weaker-than-expected economic data from the US. These reports have sparked concerns about a potential slowdown in the world’s largest economy. Technology stocks, which have driven strong market performance in 2024, were particularly hard-hit. While share markets suffered, fixed interest (bond) markets benefited as investors sought the safety of government bonds, driving bond yields lower — since bond prices move inversely to yields.
We understand short-term market volatility can be unsettling. While we will continue to monitor the situation closely, we do not believe this is the time to make changes to your portfolio or your long-term strategy. Your investment strategy has been tailored specifically to meet your individual circumstances, goals, and objectives. By utilising well-diversified portfolios with the right mix of assets and high-quality fund managers, we ensure your strategy remains on track and can navigate these periods of market volatility.