Third quarter ended negative but fourth quarter opened with strong market recovery
C Fund (S&P 500) showing resilience after bouncing back from employment data selloff
Bullish allocation shift possible if markets hold 1951 level or reach 2000 soon
This week saw the markets close the third quarter out at a loss, but then start the new quarter out on a high note. Friday’s action was an initial quick loss when the employment data came out, but then the market steadily came back throughout the day to finish higher with the S&P 500 closing at 1951. If the markets can hold this level or ramp up to the 2000 mark within the next two weeks, we’ll start increasing to a more bullish allocation.
This week saw the markets close the third quarter out at a loss, but then start the new quarter out on a high note. Friday’s action was an initial quick loss when the employment data came out, but then the market steadily came back throughout the day to finish higher with the S&P 500 closing at 1951. If the markets can hold this level or ramp up to the 2000 mark within the next two weeks, we’ll start increasing to a more bullish allocation.