Argus

•

May 01, 2026

Intermediate Term

Long Term

Summary

April was an amazing month for the stock market. The S&P 500 (SPX) soared 10.4%, the Nasdaq ripped higher by 15.3%, the Nasdaq 100 (QQQ) spiked 15.7%, the S&P MidCap 400 (MDY) rose 7.7%, and the S&P SmallCap 600 (SML) tacked on 10%. It was the best monthly performance for the SPX since April 2020 and November 2020. Other 10% monthly rips occurred in October 2011, December 1991, January 1987, August 1984, August and October 1982, November 1980, January 1976, January 1975, October 1974, November 1962, September 1939, June 1938, and many times after the

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