Strong Performance Amidst Bond Disruption and Anticipation of Rate Cuts
Introducing the April 2024 edition of our Chartbook Market Comment slides.
Global market performance was generally strong and broad in the first quarter of 2024, with bonds being a notable exception. Stock markets generally performed well, as did alternative assets like gold and cryptocurrency. GDP growth continues to be very strong in the US, recently registering 3.4% annualized growth for the fourth quarter of 2023. The Canadian economy, which has been sluggish for most of 2022 and 2023, has bounced back in 2024 to date, registering monthly growth of 0.6% in each of January and February. A widely anticipated recession has yet to arrive even as interest rates have risen dramatically in an attempt to slow down the economy and tamper inflation… CONTINUE READING.
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