FA Market Insights
Market Trend and Comments
Market conditions here in the US continue to remain favorable. Last week stocks gained solid ground for the week. In addition to setting new record highs, the Dow Jones Industrial Average (DJIA) and the S&P 500 advanced +1.4% and +1.1%, respectively. Not bad for five days worth of investing.
The foundation of this move in the market remains robust. Our indicators continue to support the stock market bulls over the bears. Recession forecasts are low, technical trends are positive, and 320 of the 500 stocks listed in the S&P 500 Index are participating in the markets move higher. With such broad market participation, it gives us the conviction that this market movement is meaningful and not just a flash in the pan.
With this said, we know markets will correct. Over the course of a year, we would expect to have a -5% correction three times, a -10% once and every three years or so, we typically see a -20% drop. Of course, these are historical averages, and it does not happen like clockwork.
Right now, our indicators continue to support investors being in the market and staying in until the data proves differently. This is why we always say, “When the facts of the market change – so shall we.”
For now, the facts have not changed, and we shall stay invested in this bull market run.
On a Fun Note
Lee and I each had fun experiences lately. Lee was able to get away for a few days to go fishing down in the Florida Everglades with Tom Kerhoulas. They caught over 100 fish per day!
Over the weekend, I was asked to include my Jeep Grand Wagoneer in the NC International Auto Expo’s classics display. It was the first show I had ever participated in, and it was a lot of fun. I heard so many great stories and met some wonderful people over the 3 day event. I was particularly fond of the “moonshiner story” (see article below) and the Volkswagen Thing with just over 700 original miles! (that is not a typo)
If you would like to see pictures of the other 60+ vehicles, here is a blog post about the event: http://www.myjeepandme.com/2017-nc-international-auto-expo-classics-display/
From time to time I share these fun stories and pictures to help remind us all to get out there and enjoy living in the moment.
Remember what author and historian, Alice Morse Earle once stated:
Yesterday is history.
Tomorrow is a mystery.
Today is a gift.
That is why it is called the present.
That is all I have this week. With such beautiful weather here in the Carolinas, remember to get out and enjoy the present.