In this market update, Cliff Hodge, CFA, discusses the Federal Reserve's recent rate cuts, ongoing inflation trends, and their impact on the U.S. economy. Learn about the challenges of stock market valuations, rising geopolitical risks, and what investors should consider moving forward. As Cornerstone Wealth Group continues to monitor the evolving market, we offer insights into long-term investment strategies and the importance of alternative investments. Join our upcoming Fourth Quarter Webinar for a deeper analysis of the economy and financial markets into 2025.

As we approach back-to-school and election season, I'm reminded that volatility often returns to the market during these times. This past week, we experienced weaker economic data, a surprise increase in the unemployment rate, lackluster earnings, and an unwind in crowded positions. This led to a global selloff, disrupting what had been an otherwise calm year for the markets.