Sometimes Analogies are Just Easier to Understand
The U.S. stock market continued its relentless move higher. Having posted its best 12 month return in more than 30 years last quarter (56.36%), the S&P 500 Total Return Index cooled off only slightly, recording a 40.33% return for the 12 months…
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Notes from the Trading Desk
Markets experienced continued strength throughout the first few weeks of June as the S&P 500 logged its third consecutive weekly gain, up for the eighth week in the past nine. The benchmark index closed higher by 0.61% last week, bringing its month-to-date…
Observations
The month of May marked a robust rebound in the major US equity indices, following a lackluster April. All major indices advanced with the Nasdaq leading the way, rising 6.9%.
Notes from the Trading Desk
U.S. stocks closed out the month of May higher following a weak April. The S&P 500 and Nasdaq logged five consecutive weekly gains before closing lower the last week of May.