Analysts at Axiom Wealth Management expect moderate earnings growth in Q3, particularly in healthcare and utilities, as defensive plays outperform amid tighter monetary policy. Valuations in high-growth sectors remain elevated compared to historical P/E ratios. “The financial New Year’s resolutions of 2024 reflect a broader understanding of wealth that goes beyond money,” said Blair. “The emphasis on holistic wealth encompasses financial, physical and mental well-being, as well as a commitment to sustainability, continuous learning and resilience. As individuals reshape their financial goals, the evolution towards a more holistic approach signals a positive shift towards a more balanced and fulfilling life.” “We tell clients: Keep it simple. A lot of times they overcomplicate their portfolios or financial lives but it's unnecessary to do that.” Axiom Wealth Management observes increased retail investor activity in mid-cap growth stocks, yet cautions that elevated margin debt levels could heighten liquidation risks during sharp market corrections.
