S&P 500 had three volatile 1% daily moves this week, with two gains offsetting one decline
Apple's strong 11% weekly performance was the main driver supporting C Fund returns
Upcoming Fed announcements next week could trigger more market volatility and uncertainty
Volatility was the watchword again in the markets this past week. Thankfully, two of the three 1 percent moves of the S&P 500 were to the upside, including Monday. All told, the S&P 500 finished at the mid-point of this week’s 40 point range, with Apple’s 11 percent weekly gain contributing the lion’s share. That said, we’ll see how the markets react to next week’s Fed announcements, but for now, allocations remain the same.
Volatility was the watchword again in the markets this past week. Thankfully, two of the three 1 percent moves of the S&P 500 were to the upside, including Monday. All told, the S&P 500 finished at the mid-point of this week’s 40 point range, with Apple’s 11 percent weekly gain contributing the lion’s share. That said, we’ll see how the markets react to next week’s Fed announcements, but for now, allocations remain the same.