Thankfully, 2022 has come to a close. The severely turbulent year brought an end to the short-lived post-COVID bull market.
Interest rates and the future path of monetary policy was the theme of the month in February. As we’ve discussed numerous times since short-term rates began to rise off the zero bound in late 2021, the direction and speed of change in short-term rates matter a lot for the equity market.
March 27, 2023
Though volatility has remained quite elevated, equity markets have moved higher over the last two weeks. This welcomed positive performance came despite very little easing in terms of headwinds coupled with an especially volatile Treasury market.
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