By: Wade Austin
Although fans of Tobacco Road teams were disappointed with this year’s results, the men’s and women’s NCAA basketball tournament once again delivered March Madness, spiced with tense moments and numerous upsets.
Investor optimism returned to global equity and bond markets in January after both asset classes suffered their worst returns in over a decade last year.
2022 was a dismal year for markets and one most investors would love to forget.
On the heels of one of the worst Septembers on record, U.S.
A growing consensus of investors felt equities’ June lows were behind us after the S&P 500 cut its YTD losses in half by mid-August.
The summer rally (that began mid-June, gained impressive momentum in July, and broadened during early August) lifted asset prices across the board.
After flirting with bear market territory in mid-May, equity markets rebounded off their lows through early June on emerging signs that inflation had finally peaked by April.
Investors were relieved to eke out modest gains in broad stock and bond indices in May after yet another extremely volatile month for capital markets.
The magnitude of risk factors associated with inflation, war, and disease mounted in April leaving investors with few places to hide.