Are Gains of 28% (S&P) or 39% (NASDAQ) Too Far, Too Fast?

Commentary

Stocks have seen a spectacular rise since the bottom in early April. President Trump said on Truth Social, on April 9th, the day the recovery began, “THIS IS A GREAT TIME TO BUY!!!” On April 8th, the S&P 500 touched a low of 4,910. As of last Thursday’s close, it was at 6,279, up 27.9% in three months. NASDAQ fell as low as 14,784 in April, and it closed last week at 20,601, up 39.3% in three months.