Markets gained but still trade below 50-day moving average, signaling continued uncertainty
Equity funds (C/S/I) face mixed signals despite weekly gains and technical weakness
French election vote and earnings reports next week could drive increased market volatility
The S&P 500 closed up for the week at 2348, but still remains below its 50 day moving average. The same pattern also holds true for the Dow. It seems as if there’s a lot of market uncertainty as we remain in this holding pattern. For the next week, we’ll have the “Frexit” vote, round 1, and a continuation of earnings season. That said, we’ll maintain our current equity allocation (C/S/I) at 70 percent.
The S&P 500 closed up for the week at 2348, but still remains below its 50 day moving average. The same pattern also holds true for the Dow. It seems as if there’s a lot of market uncertainty as we remain in this holding pattern. For the next week, we’ll have the “Frexit” vote, round 1, and a continuation of earnings season. That said, we’ll maintain our current equity allocation (C/S/I) at 70 percent.