Equity Commentary
Record High Equity Markets
Equities continued their upward trajectory for the first quarter, hitting record level highs. During the first quarter of 2024 the Russell 3000 gained 10%.
Fixed Income Commentary
Opportunities for Better Returns
After posting positive returns in 2023 bond markets turned downward during the first quarter given the more likely shallower easing cycle by the Federal Reserve.
Economic and Market Overview
First Quarter Review
The United States economy appears to have continued to grow in the first quarter, albeit at a more modest pace.