With the S&P 500 closing higher for five straight days in a row markets may look to take a short-term breather as we continue to delve into earnings season. Yesterday was a fairly non- eventful day in terms of price action as the market waited for further developments out of Europe to take shape. As we have seen in the past, when we are waiting for something it generally doesn’t happen. Investors should take solace in the fact that tomorrow is a Federal Reserve announcement day and history has shown us that they tend to be more bullish than bearish.
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®
JPT012412-140
