The equity markets are by designed made to go up over time. The first quarter of 2019 was no exception. The S&P 500 rose 13% (red line) this quarter and had its best start to a year since 1998. The Dow gained 11% (blue line). Nasdaq rallied 16% (green line), while the small-caps Russell was up 14% (purple line).
Helping the Nasdaq rally was Apple and Microsoft, both up 20%.
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And there is room of Apple to continue to rise to the daily supply at $205.
One of the unlikely winners of the quarter was Xerox, yes, the copier and fax company.
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