Market Closes Out Best Month Since 2002

The market finished March on a strong note. The Dow added 86.90 points today to close at 7,609.92 while the S&P 500 climbed 10.34 points to finish at 797.87.

The bad news is that this was the sixth straight down quarter for stocks. The good news is that things have changed dramatically over the last few weeks. Since March 9, the S&P 500 has added 18% which is the best 16-day run in over 25 years. The index just wrapped up its best month since October 2002.

Earnings season starts in a few days and this will be a major test for Wall Street. Analysts have already slashed their earnings estimates since the start of the year. For the broad market, this will probably be a difficult earnings season. Investors, however, shouldn’t concern themselves with the entire market. Instead, investors should continue to focus on stocks with the strongest fundamentals.

For more, check out my list of Final Four stocks.

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