As at the 31 March 2023
Observations from March.....
Last month saw a bank crisis emerge, bringing volatility to global markets and shifting the outlook for interest rates.
Despite sell-offs in bank stocks, markets recovered ground into the end of March. The Australian market finished with a small decline, whilst the S&P 500 rose 3.51%.
The tech-heavy NASDAQ performed strongly, finishing with its best quarterly increase since the three months ending June 2020.
This sentiment is reflective of hopes that central banks may limit campaigns to lower inflation sooner than previously anticipated.
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