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| Eric Marvin, CFP® |
As investors awoke this morning they were greeted by another solid debt auction in Europe. This time it was Spain auctioning off $4.88 billion euros of 12 and 18 month treasury bills. However, Thursday will prove to be an even bigger test as maturities of up to 10 years will be auctioned off.
As things stand right now the S&P 500 is approaching the 1300 mark for the first time since last year. It will be important for investors to keep an eye on this level as it is a key psychological milestone in this continued uptrend.
As a reminder 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®
JPT011712-102
