Equity indexes have rallied sharply this year after a difficult 2022. Technology stocks, which were among the worst performers in 2022, have rallied the most this year. As a result, the NASDAQ composite index rose 17% in the first quarter. The developed large-cap international index has performed well, rising almost 9%. Emerging market stocks, due in part to weakness in Chinese equities, have not fared as well but still have posted gains of almost 4%.

Continue Reading: Vestor Capital Quarterly Commentary