Macro Insights Q1 2024

We believe the new bull market cycle continues in 2024 and better than expected economic growth, strong corporate health, cooling inflation and a US election year should support equity markets. Growth will likely continue to lead in the near term, but a reheating economy could create conditions for a late 2024 leadership shift from growth to value. Additionally, while sentiment has improved over the past year, investors remain skeptical—providing ample room for upside surprise and strong equity returns.