Home Latest Articles Summary The US stock market underwent a welcome broadening early in the quarter, with the S&P 500 Equal Weight Index gaining 7.1% versus the traditional market capitalization based S&P 500 Index's modest 0.7%. Madison Diversified Income Fund Class A shares delivered a 2.00% return for the quarter ending March 31, 2026, amid significant market volatility following geopolitical conflict. Madison Asset Management notes that while credit spreads have widened since late January, risk compensation demands from corporate bond investors remain relatively tame and have loosened since mid-March. Madison Diversified Income Fund sees the back-up in interest rates and widening of corporate bond spreads as potential opportunities to reset duration and corporate bond positioning incrementally higher. The Madison Diversified Income Fund continues to monitor Middle East tensions but does not currently believe the conflict has materially increased recession odds for the US economy.…