The U.S. Extends Its Lead

As we look toward the second half of 2024, several factors are likely to influence market performance. On the one hand, we face potential headwinds: a contentious U.S. political environment, moderating economic growth rates, and a cautious, data-dependent Federal Reserve. On the other hand, we see promising tailwinds: continued growth in corporate profits, potential productivity gains from AI investments, and the possibility of declining U.S. interest rates.  Click on this link to download the newsletter.