Nasdaq lost -13.2% in April to register its worst month since 2008, with the 10-Year yield rising at the fastest pace in more than a decade and first quarter GDP falling -1.4%. The S&P 500 and Dow lost -8.8% and -4,9 % and experienced the weakest month in two years, taking out both their February and March 2022 lows as I predicted.
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Will April Showers Bring May Flowers?
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Nasdaq lost -13.2% in April to register its worst month since 2008, with the 10-Year yield rising at the fastest pace in more than a decade and first quarter GDP falling -1.4%. The S&P 500 and Dow lost -8.8% and -4,9 % and experienced the weakest month in two years, taking out both their February and March 2022 lows as I predicted.