Market persistence near highs suggests maintaining full equity fund exposure (C/S/I funds)
Last week I mentioned about the relationship between resistance and persistence. Well, the status quo continues as the Dow remains on its march to 20,000, closing the week 115 points short of that level. The S&P 500 was basically flat closing the week at 2274, or 3 points lower than last Friday. What was noteworthy was that the S&P 500 sold off on Thursday morning, but was resilient enough to recover those losses by the end of the day. That said, we ”persist” and remain fully invested in the equity funds (C/S/I).
Last week I mentioned about the relationship between resistance and persistence. Well, the status quo continues as the Dow remains on its march to 20,000, closing the week 115 points short of that level. The S&P 500 was basically flat closing the week at 2274, or 3 points lower than last Friday. What was noteworthy was that the S&P 500 sold off on Thursday morning, but was resilient enough to recover those losses by the end of the day. That said, we ”persist” and remain fully invested in the equity funds (C/S/I).