23.7 C
New York
Tuesday, September 21, 2021

S&P 500 Marks Best Quarter Since 1998 with 20% Gainer, DJIA Good Too, NAS Comp Fares Better!

#SP500 #stimulus #economy #Trump #Bulls


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!

Paul Ebeling
Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.   

Related Articles

Stay Connected

- Advertisement -spot_img

Latest Articles