First Quarter Equity Index Returns
The first quarter is now over and despite a great start to the year in January most equity indexes are lower for the year. The S&P 500 is down -1.23% for the year. Meanwhile, the Russell 2000 is down by -0.40%.
The only equity indexes that are higher ate the NASDAQ 100 which is up 2.89% and the NASDAQ Composite 2.32%.
The Dow Jones Industrial Average is down -2.49%. So what should we expect for the second quarter and the rest of the year? The answer is higher prices. Why? When stocks lost ground in the first quarter and the economy was not in a recession since 1980 there has been only one time stocks lost ground for the rest of the year. So start making your list of stocks to buy. We will be giving you some ideas over the next several weeks.