Daily Report : Looking at the last week of a big quarter; Indexes, and safe havens, rally without bringing members along


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-06-23 at 17:32:02 CDT

This quarter has been among the very best in market history. Since 1928, this currently ranks in the top 10 of all quarters. When we look at how the S&P has fared up to the last week of each quarter, we can see a negative correlation with the return during the last week, potentially a result of rebalancing activity.; The S&P 500 is more than 3% above its 200-day average, with fewer than 45% of its stocks rising above their own averages. That hasn't happened since 2000. It's also odd that the Nasdaq hit a 52-week high on the same day as gold, a safe-haven asset. This adds to discomforting oddities triggering in the current market.


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