It was the best of times; it was the worst of times. Or so it seems according to some of the month-end figures. US stocks scored the best monthly gains since last October, and are only a few percentage points away from new all-time highs. Up 13% since the February lows, US shares eked out a modest 1% gain for the first quarter of the year.
Gold did stocks one better, by locking in the best quarter in 30 years, up 16% since the first of January. Partly explaining gold's success, the US dollar had the worst quarter since 2010. Oil had a good month (finally!), but European stocks, which were down 7% for the first quarter of 2016, provided clear contrast to their US cousins.
Besides these performance tallies, little substantive news affected markets, or the world at large, for that matter. Coming into the close, US stocks are mixed, still ... Log in or subscribe to continue reading.
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