Tuesday, April 1, 2014

Q1 2014 Was the Weakest First Quarter of the Bull Market

It's probably nothing.
From Bespoke Investment Group:

2014 vs. Other Years During the Bull Market
Coming off a year that saw the S&P 500 gain nearly 30%, the market took a breather in the first quarter of 2014.  Actually, it was the weakest first quarter we've seen during the current bull market.
Below is a chart showing the S&P 500's performance in Q1 of each year going back to 2010.  The bull market began on March 9th, 2009, so 2009 is not included.

2014 was tracking very similarly to 2010 until the end of February when the two years began to diverge.  In 2010, the S&P continued sharply higher in March, while this year the index traded sideways.

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