Q3 2024 Market Update

In the recent WealthCo market review, Dave Makarchuk, Chief Investment Officer, shares his insights on market performance and his outlook for the rest of 2024. Despite a slow August, markets rebounded in July and September, contributing to solid returns across portfolios.

Dave emphasizes the importance of WealthCo’s diversified approach, combining traditional investments with alternative assets like private equity and infrastructure. This strategy helps reduce volatility and provides protection during market downturns, as seen in 2022 when WealthCo’s portfolios outperformed the benchmark during a challenging year.

Looking ahead, Dave is cautiously optimistic and expects small-cap equities to benefit the most from potential future interest rate cuts. He also believes alternative investments, particularly in growth and income, will continue to perform well as rates decline, offering additional opportunities for investors in a diversified portfolio.