February Market Digest 2024

Market overview for February 2024, including update on asset class returns and the March Budget.

Jack Richards

21 Mar 2024

A traffic light with red and yellow lights on, on a dark street.

Below are some key highlights from what happened in markets in February 2024:

  • We saw a divergence in equity and bond performance as economic strength in the US pushed expectations for interest rate cuts to later in the year. Meanwhile, the UK officially entered recession (we discuss this further in our article “Supporting your clients through a UK recession”).
  • Strong corporate earnings in the US from the likes of Nvidia helped to support equity markets.
  • Given these market conditions, portfolios typically generated a positive return, with higher risk portfolios outperforming lower risk ones over the month.
  • Almost all asset classes generated strong returns over the 12-month period.

For more details, please download our full Market Digest below!

If you have any questions or would like to find out more, please get in touch.