A Roller Coaster Year

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”.