Macro Insights Q3 2024

Despite recent volatility, we believe the bull market cycle continues through 2024. Increasing corporate investment, improving lending conditions, falling global inflation and rising economic confidence make near-term recession unlikely. While the ongoing bull market should support equities in various cap ranges, small cap surges are not always followed by continued outperformance. Additionally, investor sentiment has steadily improved as this market has matured, now showing signs of optimism—but widespread euphoria seems far off.