Quarterly Market Update September 2024

At the start of the September quarter, there were widespread fears of recession as disappointing US economic data led to a sharp sell-off across global markets.  But by the end of the quarter, markets were hitting new highs, spurred on by the Federal Reserve decision to cut its policy interest rate by 0.5 percentage points, and the announcement by the People’s Bank of China to bolster their real estate sector and the broader economy.  From fears of a recession to bull market euphoria, this has been a September to Remember.
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