2024 Q1 Market Commentary: All-Time Highs
Investment markets started the year much the same way they ended 2023. US Large-Cap Stocks led the way again with a 10.6% return in the quarter, with developed market international stocks and US Small-Cap stocks not far behind at 5.8% and 5.2%, respectively. Those three asset classes posted the strongest returns in 2023 as well. Growth stocks continued to outperform Value stocks, though the margin narrowed from last year. Volatility remained quite low in the markets, with the Volatility Index (VIX) at the lowest level since 2017.