Mr. Market has been particularly schizophrenic in the past 12 months: Fed expectations have swung from 6 (interest rate) cuts to 2 cuts, back to 6 cuts, and then 1.5…
Rather than just looking at February’s performance, an analysis of returns since end-2023 provides a glimpse of what to expect after the era of cheap money.
Most of the action in January was in equity markets, except Asia High Yield bonds which stood out for their 2.5% gain despite volatility in other markets.
Market Commentary June 2024
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