Stocks Zoom in Quarter

An extraordinary quarter for equities. The S&P 500 increased 20% for the quarter, the best performance since 2011. With tech stocks continuing to shine, the NASDAQ 100 soared 30% for the period; the best quarter since 1999.

However, from their respective lows in March to highs in June, the S&P 500 increased 40% and the NASDAQ 100 zoomed (pun intended) 46%. The top panel shows the two indexes while the lower panel is the ratio of the NASDAQ 100 to the S&P 500.

Tech stocks have continued their stellar performance vs the broader market.