Start of a new quarter.

Best June performance for SP-500 since 1955, and the best DJ-30 performance for the month of June since 1938.

Stocks caught a solid bid, narrowing the week’s losses to 0.3% on the S&P 500 and leaving the broad index higher by more than 17% year-to-date through the second quarter, its best first half performance since 1997.

Hey !

End of quarter.

Yesterday was a tough day for momentum stocks especially software stocks which took the biggest hit of the day though a few stocks did make some minor gains. The last week in June is often tough as we end the quarter and have the Russell indexes rebalancing. The first few weeks in July are usually better with earnings starting around July 20th.