Wasatch Global Investors, an asset management company, released its “Wasatch U.S. Select Strategy” third-quarter 2024 investor letter. U.S. stocks experienced fluctuations during the third quarter but ultimately closed with strong gains. This positive outcome was partly driven by a shared belief that the U.S. economy might attain a soft landing and that interest rate reductions could be forthcoming. In September, the Federal Reserve acted on this sentiment by lowering its benchmark interest rate for the first time since 2020. Against this backdrop, strategy gained and outperformed the...
Create a free account, or log in to read the full article
No credit card required.
We may use your email to send marketing emails about our services. Click here to read our privacy policy.