Thread by @tdarling1

Hello Friday at the 1st day of April!
🐰🐰

Since there's no trading allowed on the Fool's 🃏 Day, let's review the month-end and quarter-end 🧮!

🌊 rough seas, for sure, but equity volatility declined into month-end (m) but remained 🛗 for the quarter (q)

$VIX 20.81 -9.34 pts (m), +3.59 puts (q)

The $NIKK +4.88% (m), -3.37% (q) was the best performing developed market

$SPX +3.6% (m), -4.95% (q)
$COMPQ +3.4% (m), -9.1% (q)
$CAC +0.02% (m), -6.9% (q)
$DAX -0.3% (m), -9.25% (q)
$HSI -2.87% (m), -5.7% (q)
$KOSPI +2.15% (m), -7.4% (q)
$SSEC -6.05% (m), -10.65% (q) ⬅️

$XLU was the best performing US equity sector for the month, while $XLE took the 🥮 for the quarter
(reported ex-div)

$XLU +9.9% (m), +4.3% (q)
$XLE +8.3% (m), +37.75% (q)
$XLRE +7.2% (m), -6.75% (q)
$XLV +5.4% (m), -2.75% (q)
$XLY +4.25% (m), -9.5% (q)

With interest rates through the 🛖, $XHB was the worst performing US sub-sector

#NotQuad4

$XHB -9.8% (m), -26.3% (q)

China 🇨🇳 crashed mid-month before the PBoC stepped in to rescue markets

$FXI -8.4% (m), -12.6% (q)

Rich with 🛢️ and 🌽, Brazil 🇧🇷 ripped 🚀

$EWZ +14.95% (m), +34.7% (q)

Metals were higher on the month, with Dr. $COPPER leading the charge

#NotQuad4

$COPPER +6.75% (m), +6.5% (q)

Lots of 🌊 with hydrocarbons with $OVX 57.66, but 🛢️and ⛽️ were up sharply on the month and quarter

#NotQuad4

$WTIC +4.75% (m), +33.3% (q)
$GASO +7.5% (m), +41.9% (q)
$NATGAS +28.2% (m), +51.2 (q)

Natty 🚀

Not only is your food and energy going to cost more, but so are your 👚 👖

$COTTON +10.6% (m), +20.75% (q)

At least your ☕️ was stable

$COFFEE -3.0% (m), -0.5% (q)

The story of the month and quarter as UST yields 🚀 with curve 🥞

#MaybeQuad4?

The 10/2s declined to .8BPS from 39 BPS at the beginning of the month and 79 BPS at the beginning of the quarter

Bonds were the absolute worst place for your capital for the month and quarter

#NotQuad4

$TLT -5.55% (m), -10.85% (q)

Kuroda-San has pegged the 10-year JGB at < 25 BPS and is the only CB loosening into #inflation.

With that, the 💴 crashed
$FXY -5.65% (m), -5.6% (q)

The Aussie, on the other hand, picked up the slack in #FX markets🦘🦘

$FXA +3.0% (m), +2.95% (q)

#Bitcoin

$BTCUSD +5.7% (m), -5.6% (q)

If your #furu bought $TLT, shorted $QQQ, and was indifferent to $CRB, then you missed an epic 🏃‍♂️ in 🛢️⛽️🌽 and the best short 🩳 in treasuries $TBT in a decade

Yeh, maybe the 🏒 is going to #quad4, but run your comparisons vs 2019 and 👁‍🗨

Have a super profitable 💰 day!