S&P 500 reached new record high of 2415 after seven consecutive days of gains
Strong equity momentum supports continued focus on C/S/I funds over bonds
Memorial Day week brings jobs report Friday - expect potential market swings
The Bull was back in form this week as every day the S&P 500 marched higher, closing Friday with a new record high of 2415. The S&P 500 has now advanced a total of seven straight days since that Wednesday sell off the previous week. It gives further credence to the “Investing takes time, patience and persistence” saying. Next week is a short one as we celebrate Memorial Day on Monday, but then Friday brings the monthly employment report so stand by for some possible volatility. That said, the recommended allocation stands at 100 percent in equities (C/S/I) with anticipated reallocation dates of 10 and 24 June if warranted.
The Bull was back in form this week as every day the S&P 500 marched higher, closing Friday with a new record high of 2415. The S&P 500 has now advanced a total of seven straight days since that Wednesday sell off the previous week. It gives further credence to the “Investing takes time, patience and persistence” saying. Next week is a short one as we celebrate Memorial Day on Monday, but then Friday brings the monthly employment report so stand by for some possible volatility. That said, the recommended allocation stands at 100 percent in equities (C/S/I) with anticipated reallocation dates of 10 and 24 June if warranted.