For paid members today, we highlighted a great chart set-up on the long side for an individual stock that’s breaking out. We also published our Fixed Income Weekly and Idea Generator for Bespoke Institutional subscribers, and of course we sent out our extremely popular Morning Lineup before the open. We’re continuing work on our upcoming Bespoke Report quarterly outlook piece due out on Friday. This is one you don’t want to miss if you invest in stocks. Click here to learn how you can receive the report and save 20% on a new membership!
The Dow opened higher by triple-digits this morning, but the index drifted lower intraday to close up just 47 basis points. Even still, market bulls will take it. As shown at right, the S&P 500 is currently up 7% month to date with one trading day left. If the current gain holds, it will be the best March for the index since 2009, and the 6th best March ever going back to 1928. In the table we highlight all years where the index gained 5%+ in March. We also highlight how the index did in April of the same years. As shown, the average gain in April following 5%+ gains in March has been +1.06%, and the index has been up six times and down four times.
Below is our asset class performance matrix for today using key ETFs traded on U.S. exchanges. For each ETF, we provide today’s change plus its month-to-date and year-to-date change. Check back tomorrow if you want to see the final end-of-month performance numbers.