Calendar IconMay 2024

May 2024 Newsletter

Hoping those April showers bring May flowers. It has been a busy spring so far for The Alteri Group. We are thinking of all of our clients as you enter into a busy season celebrating graduations and Mother’s Day, taking family vacations, and enjoying all this time of year has to offer. 

This month’s newsletter is filled with a Market Recap from Sanctuary Wealth and a recap of what our team has been up to!

Historically, April has proven to be a down month, so the 5% correction the market experienced during the month is not out of line. (We typically see 5% corrections three times a year.) But following the April rains (and occasional downpours), we can expect stocks to rally in May – and in fact, there’s been an early start as markets have thus far rallied. Why? There are three keys to the market blossoming right now: the Federal Reserve has taken the possibility of hiking interest rates this year off the table completely; fears about inflation are clearly ebbing; and corporate earnings continue to roll in significantly above expectations.

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TIME IN THE MARKET: We believe that the best strategy for long-term return is time in the market, not trying to time the market.  Research shows that those who stay invested over the long run in a well-diversified portfolio will generally do better than those who try to profit from market timing.

Data as of close 4/30/24. Data obtained from Bloomberg, LP
Returns Listed Are Price Returns. Does not include reinvestment or payment of dividends.

April was a busy month for our team! Here are some highlights from the past few weeks.

☔ Caught the eclipse in East Texas.
☔ A busy rodeo week for all! Will cooking up concessions as Vice President of the Lion’s Club, Will’s daughter, Caroline, competing in Mutton Bustin’ and Elisabeth & Alexis enjoying the final night of festivities.
☔ Viry’s son, OJ, competed in the State Tennis Tournament.
☔ Alexis celebrated her birthday!