Market Commentary

First Quarter 2023 Commentary

Despite turmoil in the banking industry in the early weeks of March, global equity markets rallied in Q1 with the S&P 500 and MSCI ACWI up 7.5% and 7.3%, respectively. The end point is a bit perplexing since markets had to digest the 2nd largest bank failure in U.S. history and the shotgun marriage of Credit Suisse and UBS.

Read more