Market Letter Third Quarter 2024

We’ve Landed

We present the third quarter 2024 Market Letter publication titled, “We’ve Landed,” in which Chief Investment Officer George Hosfield, CFA, outlines how the U.S. economy achieved a rare soft landing. Dean Dordevic expands further by exploring how the U.S. economy defied the expectations of a recession and maintained a healthy growth rate. Lastly, Joe Herrle, CFA, analyzes the reasons why the office real estate sector does not appear to be a systemic risk for the U.S. financial system, despite facing some distress from higher interest rates and work-from-home trends.

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The views expressed represent the opinion of Ferguson Wellman. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Statements of future expectations, estimates, projections and other forward-looking statements are based on available information and Ferguson Wellman’s views as of the time of these statements. Past performance may not be indicative of future results. Ferguson Wellman, Octavia Group and West Bearing do not provide tax, legal, insurance or medical advice. This material has been prepared for general educational purposes only and not as a substitute for qualified counsel who can determine how this information applies to you. We believe the information provided is from reliable sources but should not be assumed accurate or complete.

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