Market Insights, Two the Point

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

Andrew Davis, CFA®

Bryn Mawr Capital Management

< 1 min read

June 21, 2024

Two the Point

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.

Download our full Mid-Year Market Outlook
for more detailed insights.

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.

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Wilmington Savings Fund Society, FSB d/b/a/ Bryn Mawr Trust.Bryn Mawr Trust is a division of WSFS Bank.WSFS Wealth Management, LLC d/b/a Powdermill Financial Solutions, LLC. Powdermill Financial Solutions, LLC is a subsidiary of WSFS Financial Corporation.Bryn Mawr Trust Company of Delaware is a subsidiary of WSFS Financial Corporation.Products and services are provided through WSFS Financial Corporation’s subsidiaries and their affiliates.Trust and investment advisory services are offered through Bryn Mawr Trust. Bryn Mawr Trust is not a registered investment advisor.Investment advisory services are also offered through Bryn Mawr Capital Management, LLC (“BMCM”), an SEC registered investment advisor and a subsidiary of WSFS Financial Corporation. BMCM’s Registration as an investment advisor does not imply a certain level of skill or training.

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