Happy 4th of July!
Is there such a thing as the Quarter End Markup? Some say it’s a myth, yet it sure does look like it.
As we head into the 4th of July weekend and the start of the second half of the year, the SP500 is up YTD 14.97%, the Nasdaq is up 29.86% and the DJIA is up 2.98% YTD. With earning starting next month, out of the three index’s, who will be the big winner?
I believe you need to look at the last three years. If you are a buy and hold kind of investor, you are still negative since the peak in November of 2021. The Dow Jones Industrial average is the only one that is closet to it peak in 2021. With earning season just a week away, I am beginning to consider that the DJIA will the second half of 2023 winner.
Dow Jones Industrial Average
Don’t put all your eggs in one basket.
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