May 2024 Market Update & Economic Outlook

In this month’s Market Update and Economic Outlook, Martin Wildy, CFA, and Ryan Ohlson, MBA, begin the discussion by analyzing recent GDP figures, indicating a quarter-on-quarter slowdown but underlying strength in domestic growth.

Industry-specific trends highlight the positive performance of companies like Delta Airlines versus the consumer pinch felt at McDonald’s and Starbucks. The conversation also covers the differing impacts of inflation on consumer segments, market reactions to economic trends, and significant economic drivers like semiconductor demand and infrastructure investment.

Additionally, Martin provides an overview of the current job market, comments from Chairman Powell on interest rates, and an international comparison of debt levels. Finally, Martin and Ryan introduce upcoming changes to client portfolio reports for enhanced asset class visibility and alignment with optimal positions.