The Q1 2023 Market Review reflects positive returns across most markets, with U.S. stocks rising by 7.18%, although they underperformed international developed markets. Growth stocks outperformed value stocks, and large caps outpaced small caps. Real estate investment trusts (REITs) in the U.S. saw better returns than their global counterparts, while commodities experienced a challenging quarter, with the Bloomberg Commodity Index down 5.36%, driven by declines in natural gas and nickel. Bond markets saw mixed results, with short-term U.S. Treasury bonds providing positive returns, while interest rates decreased across global developed markets. The report underscores the importance of sticking to long-term investment principles in times of uncertainty, particularly emphasizing the futility of market timing and the value of diversification.