Over the course of the last week our global financial system has gone back to trading on rumors and headlines that were so prevalent last year. For a period of about three or four months we got back to focusing on fundamentals, economic reports, and earnings as to try and deviate ourselves from all of the “noise” in the marketplace. Well, once things started heating up again for Greece the markets once again only want to focus on the latest rumor or headline.
As we approach the potential new highs in the S&P 500 that were set last April it is imperative that investors begin to expect at least some kind of pullback in the not too distant future.
The S&P 500 is an unmanaged index. Investors cannot invest directly in an index.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
JPT021712-293
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