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Confidence in Future Growth is Building, Albeit Cautiously

Financial Commentary
September 30, 2024
By Ted Hanson
Portfolio Manager

Investors have multiple reasons for excitement entering the final quarter of 2024. U.S. equity returns are positive (yet concentrated), income streams continue to be attractive (helping to boost overall bond returns), and the Federal Reserve has officially kicked off its rate reduction campaign (with economic growth expected to remain positive). Although volatility remains elevated as tensions escalate overseas and an upcoming presidential election provides policy uncertainty, the Fed’s achievement of a “soft landing” is all but guaranteed. 

All in all, we remain confident in future growth, however cautious on the path forward. Please take a moment to read our quarterly Economic & Market Commentary and reach out to set up a time for us to discuss how our outlook and plans are built to serve you. Your success matters to us.

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About the Author

Ted Hanson

Ted Hanson is a Portfolio Manager within the Wealth Management Division at Security National Bank. He serves customers by managing client portfolios, analyzing securities and performing daily trading activities. Ted is a graduate of Morningside College with a degree in finance and accounting. He started at SNB in 2017.

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