Wednesday, April 3, 2019

April Market Update: 4, 3, 2, 1

The S&P 500 gained 1.79% in March and 13.07% for Q1 2019. The S&P 500 finished the month at 2,834.40; the change from 2,506.85 (12/31/2018 closing level) to 2,834.40 (3/29/2019 closing level) represents the best quarterly results for the S&P 500 since 2009 and best first quarter in 21 years, since 1998.  The U.S. growth cycle downturn continues after the U.S. growth cycle peaked in Q3 of 2018. Let's review price, sentiment and valuation as we prepare for the second quarter.