Weekly Market Recap – March 25, 2024

chart_of_the_week 03-25-2024

U.S. 10-year Treasury yields have increased 34 basis points year-to-date and have remained above 4% since early
February. Yet over the same period, stocks have rallied 10%. At first glance, this dynamic may seem counterintuitive,
because high and rising interest rates are typically associated with weaker equity market performance.

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