In Q1 2026, global markets declined amid continued economic and geopolitical uncertainty. US equities underperformed both developed international and emerging markets, while value stocks outpaced growth and small caps generally led large caps.
Commodities were a standout, posting strong gains, while real estate outperformed broader equity markets. Fixed income returns were mixed as interest rates moved higher across the yield curve. The quarter serves as a reminder that diversification and a long-term perspective remain important during periods of short-term volatility.
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