March Market Insights
Despite volatility, markets gain in March, rounding off a positive first quarter.
What it means for you
The balancing act of economic growth, inflation and interest rates is still very much at the forefront of what’s driving markets. As long as that balancing act continues, we should expect to see ongoing volatility. This underscores the importance of having a long-term strategy that can withstand short-term market movements and – as we saw with the banking stocks falling and tech stocks rising in March – performance can vary widely between sectors, showing the importance of portfolio diversification.
An index is a portfolio of specific securities (common examples are the S&P, DJIA, NASDAQ), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.
Diversification does not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a diversified portfolio will outperform a non-diversified portfolio. Past performance is not indicative of future results.
This material was prepared for informational and/or educational purposes only. Although the information has been gathered from sources believed to be reliable, we do not guarantee its accuracy or completeness.