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OPINION: Why advisors didn’t beat ‘the market’ in 2023

The US market went gangbusters last year but many wealth clients didn’t see the same returns. Miguel Sosa, the founder of Miami-based RIA Premia Global Advisors, reveals why and how he explained the discrepancy to his clients.

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The Markets (as of market close July 12, 2024) Investors were encouraged by the most recent inflation data, raising expectations of an interest rate cut in September. Each of the benchmark indexes listed here closed the week in the black, led by the Russell 2000. The small-cap index recorded its best weekly performance since October 2023, while reaching its highest level since January 2022.

The Markets (as of market close July 5, 2024) The stock market fared quite nicely during the Fourth of July week. Each of the benchmark indexes listed here posted gains, with the Nasdaq and the S&P 500 reaching record highs a few times during the week. Only the small caps of the Russell 2000 slid lower.

The Markets (second quarter through June 28, 2024) Wall Street got off to a slow start to begin the second quarter of 2024. Stocks lagged for much of April, rebounded in May, and were choppy in June. Investors spent the quarter watching economic data, trying to gauge whether the Federal Reserve might lower interest rates. In April, investors were discouraged by the unexpected rise in inflation, which dampened hopes of several interest rate decreases during the year.

The Markets (as of market close June 21, 2024) Wall Street rode a rally in tech and Al stocks for most of last week. The end of the week saw a bit of a downturn, but not enough to keep the benchmark indexes listed here from closing the week higher.

The Markets (as of market close June 14, 2024) U.S. stocks outpaced the rest of the world last week as global investors sought relief from the turmoil caused by European elections. Tech stocks carried the market as investors digested a pair of cooling inflation reports. The Nasdaq closed at record highs every day last week, and the S&P 500 also posted a solid gain, while the Russell 2000, the Dow, and the Global Dow all lost ground.

The Markets (as of market close June 7, 2024) Despite a dip at the end of the week, stocks closed last week generally higher, with the exception of the economically sensitive small caps of the Russell 2000. A robust jobs report at the end of last week may have alleviated concerns about an economic slowdown, but it also strengthened the Fed's case to refrain from lowering interest rates until inflation recedes.

The Markets (as of market close May 31, 2024) Equities generally closed lower by the end of the week with, the Nasdaq and the Dow falling furthest among the benchmark indexes listed here. The Russell 2000 and the Global Dow were flat. Investors spent the week assessing the first-quarter gross domestic product, jobless claims, and corporate earnings data.

The Markets (as of market close May 31, 2024) Stocks rebounded from a sour April, closing higher in May. Investors spent the month focused on job gains, gross domestic product, corporate earnings reports, and inflation data in an attempt to determine when the Federal Reserve might cut interest rates.

In April, stock markets fell amid global tensions and inflation concerns, despite positive job growth and corporate earnings, with some sectors like real estate and technology seeing significant declines, while bond yields rose and the dollar strengthened, and gold prices increased.

Stocks rose last week, led by tech and communication sectors, supported by positive earnings and economic data, despite concerns about rising interest rates and fluctuating commodity prices. Learn more about it in this week’s market summary.

2024 Q1 Market Review by Premia Global Advisors The Markets (first quarter through March 29, 2024) Wall Street got off to a …

Market Week: April 8th, 2024 by Premia Global Advisors The Markets (as of market close April 5, 2024) Despite a late-week surge, …

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