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The MSCI World index saw the greatest gains

April 04, 2023

In the final week of the first quarter, all 5 indices closed higher. The MSCI World index saw the greatest gains followed closely by the S&P 500, which logged its greatest weekly gain since November. The financial sector weathered the week favorably, with gains in the middle of the pack, helping to curb some of the initial year-to-date losses. The Personal Consumption Expenditures for February's PCE Price Index showed a welcome reduction from January's number, indicating that inflation is continuing to subside. Treasuries rose last week as the yield curve recovered in the shorter end, resulting in a drop in the Bloomberg Barclays Aggregate bond Index. Mortgages experienced greater losses while Corporates saw moderate gains. Contact us today to learn more about how we can help you