Most major asset classes rebounded to start the year after coming off a very difficult 2022. The S&P 500 increased by +7.5% in the first quarter, for the best start to a calendar year since 2019 and the second best overall in the last ten years. Meanwhile, the bond market also got off to a strong start as the Bloomberg Barclays US Aggregate Bond index (Agg), which acts as a proxy for the investment-grade bond market, increased by +3.0%.

Read Q1’2023 Market Review and Outlook here ➡
Read our Framework for Navigating Current Conditions ➡
Read our Client Question – Market Timing Does Not Work ➡