1Q 2024 Market and Economic Overview

This quarterly commentary offers a comprehensive examination of the first quarter of 2024, focusing on the pivotal financial events that have shaped the investment landscape. Central to the discussion is the Federal Reserve's decision against interest rate cuts and its implications for US debt sustainability, market expectations, and equity valuations. The report delves into the resilience of US economic data amidst mixed global indicators, highlighting the notable increase in consumer loan delinquencies and commercial real estate pressures.