The first quarter delivered plenty of volatility and rotation, but by the time the dust settled, market participants seemed to be taking things in stride.
As the Fed dug into its tightening cycle and global central banks followed suit, the yield of the US 10-year Treasury touched 4% for the first time since 2010.
Investors should be prepared for the market to trade in a saw-toothed fashion, with massive moves and broad trading ranges, not just this year but beyond.