S&P 500 hit new record high at 2399, with most major indices reaching milestone levels
Portfolio staying 100% in stock funds (C/S/I) with no allocation changes this week
French election results could impact markets, but past voting events have favored stocks
I’ll call this last week “century week” as most major indices finished around that “00” mark. The Dow was at 21006, NASDAQ Composite at 6100, Russell 2000 at 1396, and the S&P 500 at 2399 with a new record close, surpassing its 1 March high. On Sunday we have the French election, and it seems as if whenever voters turn out (Brexit/U.S/French Round 1), the bulls return. Hopefully the market reaction will again be positive like after Round 1. That said, there are no allocation changes this week as we remain 100 percent invested in equity funds (C/S/I).
I’ll call this last week “century week” as most major indices finished around that “00” mark. The Dow was at 21006, NASDAQ Composite at 6100, Russell 2000 at 1396, and the S&P 500 at 2399 with a new record close, surpassing its 1 March high. On Sunday we have the French election, and it seems as if whenever voters turn out (Brexit/U.S/French Round 1), the bulls return. Hopefully the market reaction will again be positive like after Round 1. That said, there are no allocation changes this week as we remain 100 percent invested in equity funds (C/S/I).