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…
Most Recent Commentary
Observations
In March, U.S. equities continued their steady ascent with all major indices experiencing gains. The S&P 500 extended its winning streak, marking its fifth consecutive monthly increase and closing higher for the 10th time in the past 13 months.
Notes from the Trading Desk
Major U.S. equity indices are coming off a winning first quarter. The S&P 500 gained more than 10% in the quarter, a second straight double-digit quarterly percentage gain and its best start to the year since 2019.
Notes from the Trading Desk
Stocks took a breather last week after their recent record-breaking climb. Declines were broad-based as the tech-heavy Nasdaq posted its second consecutive weekly decline while the small-cap Russell 2000 experienced its worst week of 2024.