Two the Point — The 2024 Mid-Year Market Outlook: What Lies Ahead

Key highlights:

  • The economy is strong: The U.S. economy is robust with a strong labor market, inflation is easing, and the housing sector is stable.
  • Equity market: This year’s S&P 500 earnings estimates are already 5% higher than we initially expected, and we’re optimistic about continued growth into 2025.
  • Artificial intelligence (AI):  Keep an eye on cloud, digital advertising, and social media. We’re watching how AI will impact various sectors, from manufacturing to healthcare, and we see significant potential here.
  • Fixed income: U.S. Treasury yields increased in the first half of 2024, and we expect some volatility as we move forward. We remain cautious but are observing good opportunities in the fixed-income market.



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