Insights
“With all the euphoria around artificial intelligence exposed companies, we’re also seeing some fear for the strength of the economy. This quarter saw a strong rally in utilities, in large part around the demand expectations for the growth in AI.”
Each quarter, Julie Biel, CFA, Chief Market Strategist offers her perspective on the underlying forces driving the market. Listen to her most recent episode where Julie recaps market activity during 2Q 2024, focusing on these areas:
- Trends from the first quarter that persisted into the second quarter
- Conditions required for the market to broaden out
- Rate cuts within sight in the near future
- The importance on focusing on fundamentals to inform investing in a single sector
- AI’s impact across markets and determining what stage of the IPA model we are currently in
For more insights, read our 2Q 2024 Commentary or subscribe to Kaynecast where we provide the latest updates from the KAR Investment Team on our investment strategies.
Kaynecast is available on Apple Podcasts and Spotify.
This information is being provided by Kayne Anderson Rudnick Investment Management, LLC (“KAR”) for illustrative purposes only. Information in this article is not intended by KAR to be interpreted as investment advice, a recommendation or solicitation to purchase securities, or a recommendation of a particular course of action and has not been updated since the date listed on the correspondence, and KAR does not undertake to update the information presented. This information is based on KAR’s opinions at the time of publication of this material and are subject to change based on market activity. There is no guarantee that any forecasts made will come to pass. KAR makes no warranty as to the accuracy or reliability of the information contained herein.
Past performance is no guarantee of future results.
