Q2 2024 Review & Economic Outlook

Our latest video recaps Newport’s Q2 performance and our outlook for navigating the challenges ahead, featuring Mark Kinney, Newport’s Chief Investment Officer.

The second quarter of 2024 brought significant uncertainty, with interest rate cuts under close watch and equity gains relying heavily on a few tech giants, signaling potential market weakness. Despite this, Newport’s diversified strategies delivered solid results. We strategically allocated $85 million in new investments, capitalizing on opportunities in bonds, private debt, and high-income equities, while avoiding speculative risks. As we move forward, our focus remains on preserving wealth and achieving steady growth, even in volatile markets.

If your portfolio is not benefiting from broad asset class exposure and a pragmatic and strategic approach to protecting your wealth, we invite you to get in touch. We would be happy to arrange a call or video conference with a member of our wealth management team to learn more about Newport’s approach.