In Q3 2024, we expect investors to consider a rotation into under owned exposures which could benefit in an expansion of market breadth. Polarizing positioning in market leadership is starting to force investors to consider valuation opportunities for diversification. 
The dominance of the soft landing has kept volatility in a moderate range. As we move towards a contentious US election season, investors may seek exposures which combine cyclicality and defensiveness, such as Dividend Aristocrats. 

Read the SPDR Smart Beta Compass to find value may be in scope for investors this quarter.