Déjà vu? The summary of market returns in 2024 looks a lot like 2023! The S&P 500 was up 23.3% in 2024 (vs 24.2% in 2023). The best sectors were Com, Tec, and Dis (same as last year). The best size & style box was large growth and the worst was small value (same as last year). The continuation of these leadership trends means that 2024 was a banner year for the momentum trade despite all of the nuances in the year (Fed easing cycle began, Presidential election, yen carry trade unwind, etc.) Read today’s report for details on what happened to markets in 2024.
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