Over the past 35 years since 1990 the last trading day of Q1 has experienced mixed trading most likely due to end-of-quarter portfolio restructuring. DJIA is down 21 of 35 with an average loss of –0.23%. S&P is down 19 of 35 with an average loss of –0.04%. However, Russell 2000 is up 26 of 35 with an average gain of 0.33% and NASDAQ is up 20 of 35 with an average gain of 0.20%.
Before today’s declines, (as of March 27 close), DJIA was down 0.6% year-to-date and S&P 500 was off 3.2% while NASDAQ was down 7.8% and Russell 2000 was off 7.4%. If bargain hunters are responsible for Small Cap and Tech strength on the last day of Q1, year-to-date performance suggests a potential repeat on Monday.
