While the traditional “Santa Claus” rally was stingy at best early in December, it disappeared mid-month immediately after the Federal Reserve announced its monetary policy decision.

As we begin the final quarter of the year, financial markets and the economy have defied the expectations of many investors.

Stock prices and bond yields rose in the 2nd Quarter.

The first quarter of 2024 witnessed a broad-based rally across various asset classes, starting the year on a positive note.