Investors wait for Fed’s next action as alternative fixed income sectors posted positive returns

The first quarter of 2024 built on the strength of last year by posting a gain of more than 10 percent for the S&P 500 index, the best opening quarter for the equity market since 2019.

Navigating Unpredictability Requires a Long-Term Approach

The fourth quarter, and 2023 in general, provided yet another example of how rapidly things can change in capital markets. After weak returns in the third quarter, intermediate and long-term interest rates moved down sharply to end the year.