The stock and bond markets started the year with a second positive quarter in a row, although both still show year-over-year losses. With the dollar peaking early last fall and the much anticipated European recession failing to materialize over their warmer than expected winter, foreign stocks have generally outperformed. Growth stocks led the market up in 2021, down in 2022, and up again in the first quarter with the technology-heavy NASDAQ Composite increasing almost 17%.