The equity market has been on a tear this year and what makes the gain all the more delectable is the fact that it has come on top of a very strong performance in 2023. Hopes of global central banks beginning to reverse rate hikes and resilient economic performance were among the key factors that helped sustain the upward momentum. Here is a look at how returns from major asset classes stacked up in the first half of the year: US Equities: The U.S. equity market got off to a solid start in 2024 and rallied through late March. After a brief consolidation, the overbought market reversed course, …
