✅   Voya Index Solution Portfolios SM Q2 2024 Commentary

Finance

U.S. stock and bond markets faced challenges at the beginning of the second quarter, as hot inflation readings dampened expectations for Fed rate cuts. Towards the end of the quarter, however, the outlook improved as favorable May inflation data increased investor confidence in potential Fed rate reductions by September. This, along with continued strength in the labor market and rising earnings optimism helped broad equity markets post gains for the period. Large-cap stocks outperformed small caps and growth beat value. Within the S&P 500 Index (SP500,SPX) , technology, communication services and utilities sectors led, while materials, industrials and energy lagged.

seekingalpha.com     Sep 27, 2024