The S&P500 and Nasdaq Composite headed opposite directions in the 1st quarter of 2018 with the S&P5oo falling (-1.17)%* while the Nasdaq gained 2.33%*. (* percentages listed without dividends)
These mild returns actually masked a much more volatile quarter of price swings that featured a decline of approximately 12% in less than 2 weeks from the late January all-time highs in the popular indexes to their panic lows on February 9th. While the major indexes rebounded in late-Feb through mid-March, only the Nasdaq was able to briefly score new all-time price highs before all the averages succumbed to serious bouts of selling again and retested the Feb lows on tough tariff talk and fears of higher interest rates.
Remember to keep checking our “Current Market Outlook” section to stay up to date on how the market progresses in 2018. http://triumphantpm.com/current-market-outlook
Have a Triumphant day! ®