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That was quite the first half of the year for our portfolios. Common belief was that the Fed was going to embark on a series of rate cuts in 2024. So far, we have not seen any rate cuts. Instead, the economy has remained steady, and employment has remained plentiful. In turn, corporate profits have been better than expected and stocks as measured by the market averages have moved higher. The second half of 2024 will likely see changes in the narrative. The economy looks like it is slowing a bit as consumers appear to be pulling in the reigns. Unemployment has ticked up lately and inflation has begun to moderate again. And of course we have an election coming up. It might be a good time to review your portfolio and make sure you are prepared for any changes that could come our way. We are here to help. Come by for a visit. MONTHLY COMMENTARY For our daily commentary and all disclosures, visit www.chjwealthmanagement.com 10200 Grogan’s Mill Road, Suite 340 • 281-298-2700
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THE WOODLANDS EDITION
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