Market Update

Highlights include:

• The S&P 500 Index rose 10.6% and experienced 22 all-time closing highs in the first quarter of 2024.
• The strong equity performance this year is set against positive macroeconomic trends including record high corporate profits, increasing consumer confidence, an accommodating Federal Reserve, and persistent low unemployment.
• Historically since 1950, the S&P 500 has risen 8% or more in the first quarter only 16 times, and in all but 1 instance, stocks finished the year with a positive return.1

¹ Barron’s