Commentary

March 2024

Equity and Fixed Income Strategy

Productivity Acceleration - The Holy Grail for Investors

Stéphane Rochon, CFA, Equity Strategist; Richard Belley, CFA, Fixed Income Analyst; Russ Visch, CMT, Technical Analyst; Eric Yoo, Associate; Ernad Sijercic, Associate

Global stock markets have continued to defy various bearish accounts in 2023 and so far in 2024. With the notable exception of China, which is mired in a painful growth slowdown, major stock markets across the world, notably Europe (EURO STOXX 50), North America (Dow and S&P 500), and Japan (Nikkei) have made new all-time highs. Given equity markets are among the best leading economic indicators, this at the very least does not portend a global recession in the next few quarters.


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Sharon and Alisa