StickyRice
03-30

One Quarter Down. $Nasdaq100 Bull 3X ETF(TQQQ)$  

The Dow Jones Industrial Average and S&P 500 both finished a superlative first quarter at record highs ahead of the long weekend—stock and bond markets will be closed for Good Friday tomorrow.

Both indexes are up in five of the past six quarters. The S&P 500, up 0.1% today, has gained 10.2% since the beginning of 2024—its best start to a year since 2019. That kind of early-year surge has historically been a sign of more good things to come.

Since 1950, when the index gains 10% or more in the first quarter, it has finished the year higher 91% of the time and averaged a gain of 6.5% in the remainder of the year.

The Nasdaq Composite slipped 0.1% today to end the first quarter up 9.1%. The Dow added 0.1% to stretch its three-month gain to 5.6%.

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. ----------------- How do you expect the performance in the rest of the year?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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