March has historically put a spring in the step of investors, and the past month was no exception - with some caveats. March topped off the best quarter in a decade for the S&P 500, but the good news was tempered with a twinge of apprehension after the Treasury yield curve inverted late in the month. Inverted yield curves have historically been early harbingers of a recession, and although investors were briefly rattled, the market disruption proved short-lived.
US equities
Large-cap stocks again paced equity performance, with the S&P 500 Index up 1.94% in March,