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From the transcript:
C. Austin Fitts: Welcome to the equity overview for the first quarter. I am glad to welcome Chuck Gibson, managing member of Financial Perspectives. Chuck, it’s been a very interesting first quarter. We’re going to start with a roundup, and then we’re going to move into intermarket analysis. So first, let’s start with the first quarter. Take it away.
Chuck Gibson: Thanks Catherine. It’s great to be here. Let’s roll right into the charts because we have 25 of them to look at tonight. The first chart is just a summary of what the indexes did during the first quarter. You could see that the stocks were slightly up or slightly down.
The interesting thing was, up until the last week of the quarter, all the stock indexes were down. We had some mysterious buyers step in at the last minute and bring the indexes positive for the quarter. The other thing that was interesting was bonds were up strongly as well as precious metals.