FYI: Emotional angst about #TRADEWARS(tm)! lightened up Monday leading to a big rally; in percentage terms the best move up August 2015 on a single day. The rest of the week was very choppy with a big drawdown Tuesday and a rally into the holiday Thursday. Needless to say the benign and calm market of 2017 is long gone and with it a historical level of non volatility. The S&P 500 did gain 2.1% for the week, while the NASDAQ added 1%. This was the first quarterly loss (-1.2%) for the S&P 500 since… 2015!!! The NASDAQ GAINED 2.3% for the quarter – it’s seventh straight quarterly gain. That despite the Facebook mess late in the quarter and the selloff of some of places every hedge and mutual fund is hiding in (Google, Apple, Facebook, Netflix, etc)
Regards,
Ted
https://www.stocktrader.com/2018/04/01/weekly-market-recap-apr-1-2017/
