- US stocks started the year on a positive note with the S&P 500 up 10.6% and US small/mid cap stocks up 5.2%.
- International stocks continue to underperform domestic markets. International developed increased 4.8% while emerging markets posted a 2.4% gain.
- Alternative asset classes experienced mixed results with reinsurance and corporate lending up 4% and 2.9%, respectively. Private real estate was down 3% to start the year.
- The Federal Reserve is confident that inflation will continue abating (to ~2%) but is not expecting it to happen overnight.
To access the Quarterly Market Review for Q1 of 2024, please click on the image below:
