As third quarter trading kicks off following a tumultuous first half of the year, investors are hoping for an auspicious July.
These Are the Times That Call for #Gold https://t.co/w8QS18qiFY
— Money Metals Exchange (@MoneyMetals) July 1, 2020
These Are the Times That Call for Gold
Both stocks and precious metals posted impressive advances in the second quarter. The S&P 500 finished the April-June period with a gain of nearly 20%, its best quarterly performance since 1998. The Dow Jones Industrials, meanwhile, posted its best quarter since 1987.
It’s worth noting that in 1998 – and more famously in 1987 – the stock market also suffered a sharp 20%+ decline during the second half of the year.
In a volatile trading environment for equities, a big move in one direction tends to beget a big move in the other. We’ve already seen a big move lower earlier this year – and a subsequent move higher that was nearly equal in magnitude.
