You forgot about Gold also shooting high. Why has there been a sudden inflow of money to the stock, crypto market, and gold (safe haven assets)? This can be attributed to the quantitative easing (QE) implemented in 2019, which led to increased money supply. Now, with the Fed planning to reduce interest rates, investors are likely seeing an opportunity to release profits they made earlier.
Can We Expect More Gains in Q2?
S&P 500 is poised for a nearly 10% price gain in the first quarter, with a remarkable 30% rally from its October 27 low.
This strong start has prompted investors and strategists to consider market correction.
However, data from 1970 suggests that such strong beginnings often indicate a continuation of the rally, with the S&P 500 historically showing an average first-quarter gain of 2.5%.
When the index outperforms this, the second quarter typically sees an even higher gain.
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How do you expect the performance in the rest of the year?
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