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Your March 2024 Guide

As winter turns to spring, no one is waiting for the stock market to thaw.

Get your free March Calendar by CLICKING HERE.

  • The S&P 500’s average return in February is -0.1%
  • This year it returned +4.6%, as of this writing.

The S&P 500 posted gains on 68% of trading days in February.

  • Monday’s were weak and usually are
  • There was a brief sell-off after CPI inflation came in hotter than expected

Heading into March, the bulls clearly have the wind at their back.

Recent blow-out earnings from Nvidia (NVDA) have helped reignite the AI sector.

Bitcoin is less than 10% away from all-time highs at writing.

Plus, March is a bullish month.

Image from Pexels

Average return for March by index (election year).

  • Dow Jones +1.0% (+0.2%)
  • Nasdaq +0.8% (-1.6%)
  • S&P 500 +1.1% (+0.4%)
  • Russell 2000 +0.7% (-3.0%)

March has hosted a lot of major inflection points in the market, too.

  • Dot-com bubble peak, 2000
  • Covid crash bottom, 2020
  • Banking crisis claims three mid-size regional banks, 2023

In regards to timing, March typically starts stronger than it finishes.

Looking ahead, April is one of the best months for stock and marks the end of the “Best Six Months.”

We’re holding our swings this month and could add short-term positions in individual stocks.

Technicals

Over the past month…

Our outlook remains bullish.

Your Calendar

For the notable happenings of the month, CLICK HERE to download your free calendar now.

Earning season continues in March … use Earnings Whisper for weekly earnings report outlooks.

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