Overtime

1st quarter recap + notable monthly candles

Good morning,

Last Thursday marked the last trading day of a week, month, and quarter, making it a perfect time to look at some big-picture charts.

In today’s report we will:

• Recap index returns for Q1

• Highlight the most notable monthly charts

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Q1 returns

S&P 500 leads major indexes, best start to a year since 2019

Large growth tops the style boxes with an 11.2% return

Communications leads sector gainers

But it was really a tale of two halves

High yield outperforms as spreads tighten, yields rise in Q1

Commodities rally despite dollar strength

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Monthly charts you need to know

S&P 500 gains 3.1% in March, now up 5 months in a row

Those streaks have been bullish for future 12-month returns

Financials end quarter by breaking out to all-time highs