After a strong rally in 2023, equities continued their momentum into the first quarter of 2024. In particular, the S&P 500 hit new historical highs and posted a +10.2% gain for the quarter. This marked its best first-quarter performance in five years. On the other hand, the bond markets faced challenges in Q1, primarily due to revised expectations regarding the Fed’s policy adjustments. The anticipation of fewer rate cuts this year — from five times at the start of the year to two times now — has prompted a rise in the US 10-year Treasury Yield to 4.3% in March 2024 from 3.9% at the beginning of the year. With such a macro backdrop, let’s delve into an in-depth analysis of Syfe’s portfolios in Q1 2024.  Key performance highlights for Syfe Portfolios in Q1 2024:  ...