CJ Update – April 1, 2021
The Markets in Q1 Reflect Broad Economic Expansion Ahead The first quarter came to a close this week, leaving in its wake a fading narrative of runaway inflation that had served as media fodder the past two weeks. The results for Q1 confirm a significant shift in market leadership. The NASDAQ index, last year’s darling, trails both the S&P 500 and the DOW30 by more than half as the Cyclicals, issues that typically lead a broadening economic recovery, posted upper…