Reflections & Resources

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Last Month in Markets – Record Highs and Rate Cuts – October 2024

Last Month in the Markets: October 1 – 31, 2024
What happened in October?
Record highs were set again for the S&P/TSX Composite, S&P 500 and Dow Jones Industrial Average, and the NASDAQ almost achieved the same feat, falling just short of its highest-ever level. Gold continued its winning-ways and rose to its highest price of all-time, ending the month almost 4 per cent higher, and 33 per cent more than its price at the beginning of 2024. Oil rose nearly 4 per cent in the first week before falling again and by the end of the month it was below its 2024 starting price and significantly below the level from one year ago. Bond yields rose more than 250 basis points.

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Riding the Waves: Understanding and Navigating Market Fluctuations

This summer’s market behaviour has been quite the ride. If you weren’t closely monitoring your portfolio, you might have missed some of the action. But for those of us paying attention, the global equity markets were anything but dull. By July 31, many of our clients’ equity holdings had hit their highest points of the year, only to sharply dip shortly afterward.

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