The First Quarter’s Bull Run
Investors in stock funds were singing The Cars’ famous tune, “Let the Good Times Roll,” last quarter. U.S stocks enjoyed their best start to a year since 1998. Several market benchmarks reached new record highs, including the Dow Jones industrial average and the S&P SmallCap 600 index. The widespread gains resulted in 10 domestic stock fund categories posting average first-quarter gains of 10% or more.