NKE - Mar Vista Q1 2024 Focus Strategy Commentary

2024-06-19 11:45:00 ET

Summary

• Mar Vista Investment Partners is a registered investment adviser. The Firm offers investment advisory services to individuals, pension and profit-sharing plans, trusts, estates, corporations, as well as other institutional clients.
• The S&P 500 Index had its best first-quarter performance since 2019, as resilient corporate profits, enthusiasm around AI and expectations for interest rate cuts drove stock prices higher.
• Everything from stocks to bitcoin to gold marched higher.
• Mar Vista’s Focus strategy returned +5.53% net-of-fees in the first quarter of 2024 while the Russell 1000 Growth Index and the S&P 500 Index returned +11.41% and +10.56%, respectively.
• The stock market’s early surge surpassed even optimistic predictions.

Commentary

The first-quarter performance of the S&P 500® ( SP500 , SPX ) was its best since 2019. Resilient corporate profits, enthusiasm around AI and expectations for interest rate cuts drove stock prices higher. The economy continues to defy expectations and recession worries have weakened....

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