Most of the major stock market indexes peaked in May or June of last year. Since the peak, there have been wild swings down and then back up. Not all markets are created equal, however. As the charts below show, the S&P 500 is by far the strongest index a year after the peak. Each index seems to have broken its downward trend per the trend line breaks. Many investors are justifiably nervous about stocks given the long litany of concerns (China, the Fed, slow growth, terrorism, Brexit, the Election). The stock markets seem to be ignoring all the bad news and climbing the “Wall of Worry”.
My blog posts will be written much like I talk in a casual, conversational tone with a touch of irreverence. When reading my posts, keep in mind that much of my writing will contain opinions, humor, generalizations, and speculations. I'm pretty sure both my 7th grade English teacher, Mrs. Ashley, and my superstar assistant, Amanda, will not approve of some of my contractions and misuses of words. Please inform Amanda of any blatant errors that you feel she should have forced me to correct.