Value stocks handily outperformed Growth stocks by the end of Q1 but the window-dressing pump of the last 2 days rescued all but the blue-chip Dow from ending the quarter in the red. This is the worst quarterly performance for stocks since 2012. Despite disconnects all over the place today, stocks managed to hold onto gains today. Thanks to some dovosh comments by Yellen (that apparently "some time" is interpreted as more than 6 months), bonds and stocks ripped today leaving long-bonds best quarter since Q2 2012. Gold is the best performing asset of the quarter and HY bonds worst as the USD ended unchanged.
Gold ends Q1 as the best-performing asset-class
[5]
The Dow closed the quarter red - its first since Q4 2012 while the last 2 days rescued the rest of the major indices
[6]
And Utlities are the best performing sector in Q1 with Discretionary and Builders worst...
[7]
Nasdaq Biotech Index gained 3% - its best day in 2 weeks - to scramble back above the 100DMA and closing the quarter up just over 4% (its lowest gain in 5 quarters) but March was its worst month in 4 years.
[8]
Perhaps rather surprisingly 5Y Yields are unchanged (-1bps) on the quarter while 10Y is -30bps, and 30T -40bps - thi sis the best quarter for bonds sicne Q2 2012
[9]
Copper had its worst quarter since Sep 2011...
[10]
On the day, Yellen's comments sparked Bond and stock buying as the merest hint of moar dovishness is enough to do this...
[11]
AUDJPY was in charge...
[12]
Charts: Bloomberg