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Premia Global Advisors, LLC

Premia Global Advisors, LLC (“Premia”) is an investment advisor located in Coral Gables, Florida.
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Premia Global Advisors, LLC (“Premia”) is an investment advisor located in Coral Gables, Florida.
(786) 646-9140
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Market Month: October, 2024

by Premia Global Advisors

The Markets (as of market close October 31, 2024)

Stocks closed lower in October as Wall Street couldn’t maintain the momentum from September’s strong showing after the Fed lowered interest rates. Equities began October on an upswing on the heels of a better-than-expected jobs report. In fact, during the first half of the month, the Dow and the S&P 500 reached record highs. However, investors began moving away from risk as the unrest in the Middle East intensified and sentiment grew that the Fed may not cut rates in November. Toward the end of the month, disappointing earnings data from big tech companies raised concerns about rising AI costs and the potential for profit pressures. Among the market sectors, only communication services, financials, and energy managed to outperform. Health care, materials, real estate, and consumer staples lagged.

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Premia Global Advisors
2600 Douglas Rd # 1103, Coral Gables, FL 33134
(786) 646-9140

IMPORTANT DISCLOSURES

Premia Global Advisors LLC (“Premia”) is a U.S. Securities and Exchange Commission (“SEC”) registered investment advisor located in Coral Gables, Florida. Registration as an investment advisor does not imply any level of skill or training. A copy of Premia’s Form ADV Part 2A Brochure which includes a description of Premia’s services, fees and business practices is filed with the SEC and available by contacting us, or at the SEC’s website (www.adviserinfo.sec.gov).

These materials are not intended to be an advertisement or research and may not be distributed in states where Premia is not registered, or countries or jurisdictions where not permitted by law. Any discussion of investment strategies, products, or services is for information purposes only and should not be deemed to constitute the provision of investment advice, or a recommendation, or offer to purchase, or sell securities or pursue any investment strategy.

Although the information distributed is based on sources believed to be reliable. We do not warrant its completeness accuracy.

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