March 2024 Market Thoughts

Brad McMillan, Commonwealth’s CIO, recaps February’s market and economic news. Stocks performed well in February, with most markets up in the low- to mid-single digits. The Nasdaq and emerging markets did especially well, but fixed income declined as interest rates rose. Job, income, and spending growth remained positive, but these results kept inflation up. As we enter March, will markets continue adjusting to the expectation of slower rate cuts?
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