Well, what a March it was. If you were day-trading, then you are a hero for still being alive in this market. What a quarter it was, too. What started as a year for more gains quickly metastasized into a blood bath.
So, with Q1 winding down, here is how the market performed during the January-to-March period:
Dow Jones: -21.5 percent
S&P 500: -18.4 percent
Nasdaq: -12.6 percent
With the consensus that the market has bottomed out, now may be the time to buy the dip and make some quick cash. The Federal Reserve has all but assured that it is buying everything at any price.
Plus, the market appears to have priced everything in: millions unemployed, more infections and deaths, a coronavirus pandemic anticipated to linger throughout the rest of 2020 (second or third waves).
Also, historically, markets tend to perform well in the second after a decimation in Q1:
– Dow: +8.49 percent
– S&P 500: +15.38 percent
– Nasdaq: +5.57 percent
What a time to be alive.
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