The Stock Market Rallied Into a Banking Slowdown. Be Worried.
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We take the good, and we take the bad—but the stock market is taking it to extremes.
An eventful first quarter ended on Friday with investors sitting on major gains, if they invested in growth stocks. The Russell 1000 Growth index rose nearly 14% in the first three months of 2023, while the value subset of the index barely budged. It was the widest gap between the two benchmarks since the first quarter of 2020.
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