The first quarter of 2026 served as a stark reminder that financial markets rarely move in a straight line. While the year began with a sense of cautious optimism driven by resilient economic growth, the narrative shifted abruptly on February 28 following the onset of the joint U.S.-Israeli military campaign against Iran.
Read our Q1 market update for a detailed perspective on how these geopolitical events triggered a significant rotation in the stock market and a reversal in bond performance.
