There’s little question that last month was a clean sweep for markets (and a notable positive month for our funds as well!) as the price of both stocks and bonds gapped higher as most investors shifted their expectations to rate cuts occurring during the first half of 2024. The U.S. dollar was weaker, credit spreads narrowed to new tights, speculative stocks outperformed high-quality stocks and the VIX Index tumbled to near year-to-date lows.