Insights & Education

Fiscal policy drove the bond market last month, AI drove equity markets. After an expected early month Fed rate hike (to 5%-5.25%).

Markets rebounded as investors re-focused on earnings, economic and inflation data.

“March Madness” will probably be a widely used moniker for the last month in financial markets.

Equity and fixed income markets showed some mean reversion last month after a stellar start to the year.

Both equity and bond markets notched excellent January returns to kick off 2023.

Both equity and bond markets reversed course from November’s rally.

Both equity and bond markets rallied sharply in November as softer-than-expected inflation data was a pivotal catalyst.

Both equity and bond markets began Q422 with lower prices and saw significant a significant turnaround as the month progressed.

Markets remained depressed as the third quarter of 2022 ended.