Phil D'Iorio / July 4th, 2024

Second Quarter 2024 Global Equity and International Review

After delivering robust returns during the first quarter, global equity markets continued their upward climb during
the second quarter of 2024. Some of the key factors driving the returns included strong corporate earnings, reduced
fears about a global economic recession, and enthusiasm over artificial intelligence that powered massive gains in
Technology stocks. Given this backdrop, stock market returns during Q2 2024 were positive on a total return basis
across major developed market regions.