Year End Market Outlook
Our Portfolio Manager and co-founder, Evan Thurmond, shares his outlook for the remainder of 2024.
We think this year's surge in the S&P 500 Index, which is expected to continue in the forth quarter, can be explained, in part, by the continued earnings and revenue growth that are consistently coming from fortune 500 companies.
Additionally, it appears highly likely that the Federal Reserve will initiate multiple cuts to the federal funds rate before the end of this year. A lower discount rate could translate into higher equity valuations.
That said, information flows quickly, and these estimates are subject to constant revision. Time will ultimately reveal their accuracy, but we maintain that higher revenues in the coming years could
be the best catalyst for growing earnings, and in turn, lead to higher equity valuation