Economy Talk

Some context on the "worst quarter since 2022" numbers

Saw a lot of panic about this so here's the GONOM post's numbers lined up:

S&P 500: -5.1% in March, -7.33% for the quarter. Dow: -8% in March. Nasdaq: -7% for the quarter, and on 26 March it was more than 10% below its high, which is the technical "correction" line. Then the last day: Dow +1,125, S&P +2.9%, Nasdaq +3.8% on peace hopes.

Bad quarter, yes. But a 7% quarter is not 2008. And one big rally day on headlines about the war ending tells you how much of this is the war premium. If you're buying index funds monthly, nothing here changes much. If you're trading headlines, good luck.