In the second quarter, which ended yesterday, the S&P 500 rose 20 percent, its biggest quarterly gain since 1998. Put another way, it was the best quarter for stocks this century, which sounds even more grandiose. But market watchers told The Times’s Matt Phillips that the outlook is murkier than usual. There was an epic reversal of fortune in the second quarter, with the S&P 500 regaining nearly all the ground lost in its 20 percent plunge in the first quarter. The last time there was a bigger quarter-to-quarter swing was back in 1932, according to S&P.

Source: New York Times July 01, 2020 11:01 UTC