Investing

Q3 2024 Market Review

By October 21, 2024No Comments

For Q3 2024, International Real Estate was the best performing asset class in the world, providing 16.75% return in just a single quarter. This asset class has been a poor performer over the last 10 years, and this recent quarter in no way makes up for the level to which this asset class has dragged behind others for many years. However, this is also a reminder that what has recently occurred may not necessarily continue to occur. US Large Cap Growth Stocks (primarily US tech stocks), which have been the huge performers for several years, had one of their worst quarters relative to other asset classes, providing only 3.19%. To put this in perspective, during Q3 2024 US Small Cap Stocks returned 9.43%, US Small Cap Value Stocks returned 10.15%, and Emerging Markets Stocks returned 8.72%. Even the bond market provided 5.20% during the quarter. Will this trend continue? It is impossible to say, which is why we emphasize quarter after quarter that investors remain diversified and avoid the temptation to over or underweight various asset classes based on forecasts.

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