METV - April 2024 Perspective
2024-04-05 05:15:00 ET
Summary
- As bond yields continued to grind higher on the back of a still-resilient economy and upside risks to inflation, equity markets have seen a rotation in leadership.
- YTD, US equities have been led by momentum, quality, and growth.
- While we acknowledge the resilience we have seen in the US economy and the progress we have seen in bringing inflation back toward the Fed’s target, we continue to see and monitor risks.
What's New
They say that March comes in like a lion and out like a lamb, and while the brief drawdown we saw in equity markets to start the month was hardly ferocious, investors were surely comforted by equities continuing to drift higher through month-end....
April 2024 Perspective