Caton's Corner
The share market fell in March, for just the second month since last June. The ASX200 declined by 2.7% but remains up 6.8% for the year to date.
Including dividends, share investors are 8.1% ahead so far this year. It’s made a lot of difference what sector investors have been in. So far this year, consumer discretionary stocks have risen by 16.4% and the banks by 15.5%, while the resources sector has declined by 7.5% and materials stocks by 9.3%.
The US share market had a far better month, with the S&P500 index rising by 3.6%, to be up by 10% so far this year. Remarkably, the S&P rose in 11 of the 13 weeks of the March quarter. This index finished the month at an all-time record high.
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