,

Two the Point — Navigating Volatility

A headshot of associate Andrew Davis. He has short brown hair and he is wearing a black suit.
Andrew Davis, CFA®
  • Bryn Mawr Capital Management
< 1 min read
August 9, 2024
Two the Point

This week’s market movements highlight the importance of diversification and the resilience of the broader economy, despite short-term volatility.

Key Insights:

  • Stock Market Reaction: Friday’s selloff was triggered by a weaker-than-expected July employment report, with the unemployment rate rising to 4.3%.
  • Historical Context: The Federal Reserve has historically cut rates at the onset of recessions, often following a credit crunch, which hasn’t occurred this time.
  • Job Market Resilience: Layoffs fell sharply in July to 25,900, and permanent job losses declined for the third month in a row, indicating a strong job market.
  • Manufacturing Sector: The Institute for Supply Management® (ISM®) national Manufacturing Purchasing Manager’s Index® (M-PMI®) fell to 46.8, but the ISM® Services PMI® showed growth in employment for the first time in five months, suggesting broader economic stability.
  • Fixed Income Performance: Fixed income has performed well during recent volatility, with the 10-year Treasury yield falling below 4% as investors seek safety.
A headshot of associate Andrew Davis. He has short brown hair and he is wearing a black suit.
Andrew Davis, CFA®
  • Bryn Mawr Capital Management

Andrew Davis leads a team that analyzes broad economic trends and factors that impact global and national economies. He joined the company in 2019.

Recent Articles

  • A mockup of an embedded digital video player. A transparent "Play" icon is superimposed over a photograph of a road extending into the horizon. The publication's title "Planning Perspectives" is emblazoned above. The image is overlaid with a blue mezzotint pattern reminiscent of the texture of dollar bills.

    Investment Moves to Make Before Year-End

    This week we discuss the investment moves to make before year-end.

  • A group of professionals sitting around a desk.
    , ,

    Five Key Investment Moves to Make Before Year-End

    Here are five essential investment moves to consider before the new year.

  • A mockup of an embedded digital video player. A transparent "Play" icon is superimposed over a photograph of a road extending into the horizon. The publication's title "Planning Perspectives" is emblazoned above. The image is overlaid with a blue mezzotint pattern reminiscent of the texture of dollar bills.

    End of Year Tax Tips

    Planning Perspectives is your guide to navigating the complexities of wealth management with ease. This week we discuss end of year tax tips.

View All resources