A Tale of Two Markets
June 30, 2020 at 11:26 AM EDT
The S&P 500 hit an all-time high on February 19th, reaching 3,386, before the emergence in the US of the COVID-19 virus triggered a swift one-month -34% collapse. A bottom was put in on March 23rd, and the large cap index proceeded to rally nearly +32% over the next 30 days. As I write, the...
