Just in case you lost track of what “Days to Slow the Spread” we’re on, I think it’s 379. Or is it 380. Something like that.
But I know we’re on month four of 2021. April, named after the Greek goddess of love, Aphrodite. The Roman calendar spelled it Aprillis, meaning to open. Showers fall, flowers bloom, and maybe more states open for business.
Just in case you weren’t looking, and why should you be, let’s close the books on the first quarter’s stock market performance with a quick recap.
The Dow, everyone’s favorite 30-blue chip index, and the one most folks reference when referencing the stock market, put on nearly 7% in March.
And for the full quarter, nearly 8% better than where it began the year.
The broader market, the S&P 500 posting a respectable 4% for the month. And just shy of 6% on the year.
A record round of stimulus checks, the Fed keeping interest rates near zero, and more than 900-thousand new jobs added in March, all contributing to hopes for a rapid economic recovery.
But the captains of censorship, the bullies of shadow banning, the woke signalers of faux virtue, AKA, big tech…well, their stocks took a little breather last quarter.
The NASDAQ trailing the other major indices, up just shy of a half-percent in March, almost 3% for the quarter.
While the small caps, as tracked by the Russell 2000, crossed the quarter-line nearly 13% better so far in 2021.
There you have it, but as I like to say…no single day, week, quarter or year, does an investing career make. Never forget, you’re an investor, not a trader or speculator. And you’re an investor for life.
By the way, in the early 1800’s, the first edition of Noah Webster’s Dictionary was copyrighted in April. Back when the entry for woke was simply the past tense of wake.