This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with:
Let me tell you something you probably already know: I have no clue what the stock market is going to do in April.
But I can confidently say two things.
First, this has been another amazing year for investors large and small (unless you invest in small caps, UPS’s shares, or short stocks for a living).
The S&P 500 could end up being 10% higher or more in back-to-back quarters for the first time since 2011 Q4 and 2012 Q1, according to stock numbers wizard Ryan Detrick at Carson Group.
From 1950 to 2023, April on average is the second-best-performing month of a calendar year, with a gain of about 1.5%, according to Detrick’s data.
For good measure, the Tantalizing Two — Nvidia (NVDA) and Meta (META) — are up an average of 66% year to date on AI mania.
Great stuff…
