Financial Professionals


Third Time’s The Charm


In 2010 and 2011, the equity markets came out of the gates relatively strong, only to pause in the second quarter. In both years, the S&P 500® Index hit a peak in the second quarter – April 26 in 2010 and May 2 in 2011 – and the pause in appreciation that followed didn’t refresh until November in the case of 2010, and never refreshed at all in 2011.

As the second quarter of 2012 gets underway, the question on everyone’s mind is – Can we get through the quarter without a pause in market appreciation? Will the third time be the charm? The equity markets got off to a strong start this year, and as of Thursday, April 5 (before the Good Friday holiday and the release of the disappointing March U.S. labor report), the S&P 500 had risen 11.4% for the year, the NASDAQ was up 18.6%, and the Russell 2000® returned 10.8%. The Dow Jones Industrial Average was up only 7.7%, with much of that lag due to the significant underperformance of energy heavyweights Chevron and Exxon.  Read More.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.