Over the last several days with the exception of yesterday the stock market has been in consolidation mode. The moves lower have all been fairly contained in terms of percentage losses and have allowed the market to pull farther apart from the 200 Day Moving Average on the S&P 500. Another thing to keep in mind is the lack of reaction to the macro headlines around the globe. Six months ago, the market would have moved dramatically in either direction on the slightest news report. However, today the market seems to be shrugging these events off.
Past performance is no guarantee of future results. The S&P 500 is an unmanaged index. Investors cannot invest directly in an index.
Eric Marvin, CFP®, CRPC®
JPT020212-224
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