St James’s Place Weekwatch 9th September 2024

Thank you, David Gardner and St James’s Place Asia and Middle East, for sharing your valuable market insights with our community in the SJP 9th September Weekwatch.

This week, SJP will delve into the intricacies of the global financial markets, including Nvidia’s recent annual results, September's historic poor performance, the upcoming election and its effect on the markets, and interest rates, UK and Europe Markets and share practical tips to enhance your wealth management strategies and a perspective on interpreting the media reports and narratives. This week’s blog covers the following points;

Stock Take

• Has the ‘The Magnificent Seven,’ dream run finished?

• Nvidia's recent annual results highlight its challenges with the S&P 500 and NASDAQ.

• Peter McLoughlin, Head of Research at Rowan Dartington, notes that September is typically a tough month for tech.

• The Russell 2000 (Trump Trade) shows strong growth.