This week we’re seeing a continuation of a strong market in 2019.
Commodities are positive, U.S. stocks are positive, emerging market stocks are positive, and some risky bonds are also positive.
The S&P 500 is on its longest winning streak since August and its had the best performance since early 2016.
In my view, I think there was a lot of fear selling at the end of last year and some investors are now stepping in and picking up those bargains.
There may still be a little bit more volatility to come, but from here on out, I think it's starting to look more and more positive.
The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. The information provided does not take into account the specific objectives, financial situation or particular needs of any specific person. Diversification does not ensure a profit or protect against a loss in a declining market. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income. Forecasts or projections of investment outcomes in investment plans are estimates only, based upon numerous assumptions about future capital markets returns and economic factors. As estimates, they are imprecise and hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Investing entails risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.
The continuation of a strong market is in reference to the S&P 500 index posting a third consecutive week of positive performance as referenced by the Bloomberg article, “Well, That Was Fast. So Are the Bulls Back in Charge, Now?” by Samuel Potter. An index is unmanaged, does not reflect management or trading fees, and one cannot invest directly in an index. Positive performance of commodities, U.S. stocks, emerging market stocks, and some risky bonds were in reference to the same Bloomberg article by Samuel Potter. As of 1/11/19, the S&P 500 being on its longest winning streak since August and having its best performance since 2016 were both in reference to the same Bloomberg article. Investors stepping back into the market recently to buy securities that were previously sold out of fear at the end of 2018 was a statement of opinion.