S&P 500 briefly crossed 2100 resistance level but failed to hold gains above this key threshold
Positive unemployment data failed to sustain market momentum, suggesting cautious investor sentiment
Market uncertainty around resistance levels supports balanced equity allocation strategy
On Tuesday the S&P 500 crossed that 2100 resistance level I talked about last week and closed at 2109. We then had a positive unemployment report on Friday morning, but the markets shrugged it off and closed just shy of that resistance level, again. As such, we’ll continue to maintain that 60% allocation in the C, S and I equity funds.
On Tuesday the S&P 500 crossed that 2100 resistance level I talked about last week and closed at 2109. We then had a positive unemployment report on Friday morning, but the markets shrugged it off and closed just shy of that resistance level, again. As such, we’ll continue to maintain that 60% allocation in the C, S and I equity funds.