Market Update March 14 2024

Market Update

March 14th, 2024

The advance in large cap domestic equities over the past few months has been historic in the sense that moves of this magnitude and speed are typically seen only following recessionary bear markets, or in unsustainable bubble environments. We are not in recovery mode today and by many measures the market currently aligns with the extremes that were seen in the dotcom tech bubble in 1999-2000. The AI theme over the past year along with expectations of easier monetary policy have served as the catalysts for this last leg higher.

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