2024 Q1 Review and Outlook – To Cut or Not to Cut

Markets continued rising in the first quarter as stocks (as measured by the S&P 500 SPDR ETF – SPY) gained 10.4%. The U.S. bond market (as measured by the US Aggregate Bond ETF – AGG) declined 0.7%, and a 60% stock/40% bond portfolio recorded a 5.9% total return. Not too shabby considering that the 10%…