Despite getting absolutely crushed in January, and then again in the beginning of February, the S&P 500 did an improbable about face and rallied very strongly to close the quarter. The final tally in terms of price change for the S&P 500 for the 1st quarter of 2016 was 0.77%, basically flat.
I hope the last research report I sent you all prepared you for this volatility, at least somewhat. But, to be frank, even I am shocked by just how crazy this market has been. In fact, I devoted an entire article in this newsletter to this market’s wild ride.
Please click on the link below for the full report.