13 March 2024
Monthly Market review – Download Article
While bond markets have fallen in response to these worries, equities have been boosted by the strength of
tech and growth stocks, especially those benefitting from the AI boom, and have seemingly been prepared
to look through the short-term concerns to the prospect of falling interest rates later this year and an increasing
probability of a soft landing for the economy. The disturbing geopolitical events around the world appear to
be contained with limited risk of a wider conflict in either Ukraine or the Middle East, and evidence of continuing
problems in the US commercial real estate market, with mid-sized US regional bank New York Community Bank
posting a shock loan loss provision on real estate loans, were put down to idiosyncratic issues and caused only a
minor ripple in the sector.
