Past Is Prologue

Past Is Prologue

William Shakespeare famously quipped “What Is Past Is Prologue.”? Success in most endeavors, including investment markets, requires an understanding of historical antecedents and learning from their implications for the future. Perhaps you know the phrase “Those who fail to learn from history are destined to repeat it.”? We prefer to apply what has come before to improve the probability of success and reduce the chances of failure. “This time is different” remain the four most dangerous words in investing. History, through statistical data, may improve opportunity as well as help to avoid disaster.

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As the first half of 2024 closes, what does history tell us about a strong stock market portends for the second half of the year? We suspect you may see a choppy August and September which frequent readers will know based on our seasonal work. Historic data implies a strong fourth quarter and a strong year for performance. Stay tuned.



Appendix: Important Disclosures

LRG Wealth Advisors holds its registration with Hightower Securities, LLC, a FINRA and SIPC member, and Hightower Advisors, LLC, an investment advisor registered with the SEC. Hightower Securities, LLC offers securities, while Hightower Advisors, LLC provides advisory services. This communication does not constitute an offer to purchase or sell securities. Every investment strategy carries risk, and no strategy guarantees profitability. References to investment opportunities here do not assure future profit. Historical performance does not predict future results and should not be seen as a guarantee. Not all investors will find the investment opportunities mentioned suitable. We source our data and information from providers we deem trustworthy and reliable. However, this document serves as general market commentary and should not be taken as investment advice. Neither LRG Wealth Advisors nor Hightower itself assumes responsibility for claims, nor do they guarantee the accuracy or completeness of any data or information. Furthermore, no one shall hold LRG Wealth Advisors or Hightower accountable for any errors or omissions in the data provided. We offer this information as of its date and it is subject to change without prior notification. LRG Wealth Advisors exclusively crafted this document for informational purposes, and its opinions do not reflect those of Hightower Advisors, LLC, or its affiliates. The creation of this document involves data we may have obtained from and granted by Strategas Securities, LLC, or other dependable sources, targeting LRG Wealth Advisors' clientele. Additionally, when using data from other sources, those sources will be credited accordingly. Strategas Securities, LLC, affiliates with Robert W. Baird & Company, a distinct business from Baird, yet both are broker-dealer members of FINRA. For disclosures related to Baird concerning any companies mentioned here, visit https://www.rwbaird.com/research-insights/research/coverage/third-party-research-disclosures.aspx . Alternatively, contact Baird at 1-800-792-2473 or mail to: Robert W. Baird & Co., PWM Research & Analytics, 777 E. Wisconsin Avenue, Milwaukee, WI 53202.

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