Global Asset Allocation Team Market Update – March 2024

In February, the mood in the market remained ebullient and stock markets extended their winning streak, with solid economic data, the prospect for rate relief later this year, and rock-solid earnings results buttressing risk appetite. Meantime, the frenzy around artificial-intelligence lingered-on after chipmaker Nvidia’s earnings results blew past sky-high expectations, which catalyzed a market rally that sent many global indices to new record highs.