Taking Stock - Weekend Edition 3/28/21

Taking Stock

Sunday, March 28, 2021

Since the market lows at the end of October last year, there have been big increases. The DJI and SP500 have tracked pretty closely, which i think is typical.  The NADAQ followed a different path, but now all three of these indexes are just about tied, near a 20% gain at almost 5 months.  They’ve all been rather flat since about mid-month.

The Russell, however, has outpaced them all over this time.  Despite taking a nose dive since 3/15, it’s still up over 40%.  It looks very toppy, though.  I wouldn’t be surprised to see it draw closer to the other indexes in the next few months.  This seems more likely to involve Russell losses than gains by the other indexes. 

But time will tell.