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Month in Review - March 2023
Markets continue to be volatile, both to the upside and downside, with US regional bank risk dominating news headlines in March.
Surprisingly, the broader S&P 500 held up well as large-cap tech stocks, with large weights in the index, had a strong month (Apple was up 11.9% and Microsoft was up 15.6%) as the US Federal Reserve pumped money into the system and interest rates fell.