The Best and The Worst of the Second Quarter 2018
The Russell 2000 was the best performing index for the second-quarter rising by nearly 7.5 percent, followed by the Nasdaq Comp. up 6.5 percent, and the S&P 500 up 2.9 percent, and the Dow up just 70 bps.
Energy took the crown for being the best performing sector in the second quarter, with the XLE rising by over 12 percent, followed by the Discretionaries.
The best performing stock in the S&P 500 for the second-quarter: Twitter up 50.5 percent, followed by AMD up 49.1 percent, and Under Armor +46.8 percent.
The worst performing stock: Nektar down 54 percent, followed by American Airlines down 26.7 percent, and Arconic down 25.9 percent.
The yield curve continued flattening during the quarter as well.
The chart below really shows how it has been the short-end of the curve rising to the long-end, with the 30-Year pretty much unchanged for the quarter. Again, serving as a reminder that is because the Fed is jacking up rates on the short-end of the curve, while a globally low-interest rate environment keeps a lid on the longer-end of the curve.
The dollar strengthened by nearly 5 percent during the quarter.
Tomorrow a look at the quarter ahead.
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