Equities posted a strong quarter on the back of encouraging economic data and the anticipation of a series of interest rate cuts by the Federal Reserve.
Factors were not a major headwind or tailwind as the strategy kept pace with a solid benchmark return in the quarter.
The Strategy’s strong absolute returns were spurred by the market’s embrace of easing inflation data, and the prospect that lower interest rates will allow the U.S. economy to avoid recession.
Equity markets continued to rally throughout the third quarter, with strong positive strock returns, globally.
Fed Cuts 50 bps, Positive 2s10s Curve Slope Returns as Short Rates Fall the Most
Municipal Yields Fall through Q3 Even as Supply Soars
