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Market and Economy

Economic and Market Review August 2024

Stocks have largely recovered from the almost 10% correction seen early in August, which was the worst start to a month since 2002. However, in just 11 trading days the market had recovered and even came near its record July highs.

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Stock Reports

PotlatchDeltic’s Strong Roots Amidst Headwinds

PotlatchDeltic (PCH) is a lumber REIT with 2.2 million acres of timberland and 7 sawmills, concentrated largely in the Pacific Northwest and Deep South. Currently, the lumber market is depressed by oversupply and unseasonably low construction demand. This has driven PotlatchDeltic’s price down by 11% over the trailing twelve months.

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This article or video features Benjamin C. Halliburton, CFA or an investment idea(s) that Mr. Halliburton or Tradition Investment Management, LLC (Tradition) may invest in. Mr. Halliburton is the founder and owner of Tradition Investment Management, LLC, a registered investment adviser. Tradition is doing business as (DBA) Building Benjamins in the publishing, email, and website space. All material on the BuildingBenjamins website should be considered paid advertising by Tradition. This article is a financial publication and is provided for educational purposes only. It is not an investment recommendation nor investment advice. It does not take into account your personal circumstances and whether this investment is appropriate for you, your objectives, or your risk tolerance. Under no circumstance is Building Benjamins or Tradition Investment Management LLC responsible for any actions that you may take after reading this educational information. Nothing from Building Benjamins should be considered personal investment advice. Building Benjamins and Tradition Investment Management LLC, the website, emails, interviews, social media pages, and other materials are published by Building Benjamins and do not necessarily match the opinions of the individuals or companies published or quoted herein. Investing, particularly stock or ETF investing, is risky and may result in losses and sometimes loss of your entire investment. Stock investing has company-specific operational risks like demand, competition, legal and regulatory, and broader financial market risks like liquidity, economic cycle, and government policy. You may lose money in any stock investment or other investments and are solely responsible for those decisions.

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