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Flash Report June 2024

US large cap equity markets continued to attract investment flows with a solid economic growth outlook despite some softening in employment and a slowdown in hiring. Ongoing demand for growth stocks associated with expanding deployment of artificial intelligence continued to drive gains. The Fed maintained higher rates and its messaging that the fight against inflation is not over. Inflation data was well behaved alongside softness in wages leading to a decline in the yield curve supporting bond markets.

WRITTEN BY | July 1, 2024


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