Easing inflation and resilient economic growth allowed markets to continue the recovery that began in Q4. While the collapse of Silicon Valley Bank (SVB) was a temporary setback, most major asset classes still ended the quarter higher.

All market cycles are unique, but the last 3 years have been a roller coaster like nothing we’ve seen before. The pandemic prompted the S&P 500 to experience the fastest 30% correction in history, then the second fastest recovery of all time. Exorbitant stimulus and rock-bottom inte...