The S&P 500 rallied Tuesday to finish higher and biggest its biggest Quarterly percentage gainer in more than 20 yrs as improving economic data boosted investor beliefs that the aid/relief/stimulus backed rebound for the US economy was is happening.
Coming off a Bear dive of 20% in Q-1, the biggest Quarterly decliner since the financial crisis in Q-4 of Y 2008, the S&P rallied 19.95% + to mark its biggest Quarterly gainer since Y 1998, at the height of the technology boom.
The gains have been driven by unprecedented amounts of fiscal and monetary stimulus and the easing of government restrictions by The Trump Administration.
The S&P 500 is down about 4% YTD, still the Bulls are incharge of this market.
The 17.78% gainer in the DJIA marked its best Quarterly performance since a 21.56% rally in Q-1 of Y 1987; the NAS Comp’s 30.63% run was its best Quarter since a 48.18% gainer in Q-4 of Y 1999.
Have a healthy day, Keep the Faith!