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Stock impact report

Madison Sustainable Equity Fund Q1 2024 Investment Strategy Letter [Seeking Alpha]

Eli Lilly and Company (LLY) 
Last eli lilly and company earnings: 4/23 06:25 am Check Earnings Report
US:NYSE Investor Relations: investor.lilly.com
Company Research Source: Seeking Alpha
As we exited the quarter, sticky inflation began to put into question the timing and number of rate cuts for 2024. The job market has remained resilient as has the U.S. consumer. Market Environment And Performance Equity markets had a solid start to the year, with the S&P 500 up 10.6%. The Madison Sustainable Equity Fund lagged the S&P 500 for the first quarter. Although growth stocks continued to lead the market, we did see broader participation in the first quarter rally. Equity markets were encouraged by solid economic growth and the expectation that the Federal Reserve (Fed) would begin to lower interest rates later this year. We have seen a modest tick up in GDP growth with a stronger 4Q than expected and GDP growth trending higher for 2024. As we exited the quarter, however, sticky inflation began to put into question the timing and number of rate cuts for 2024. Bond yields have moved up again after the downward shift in the fourth quarter, which was anticipated as we fel Show less Read more
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