Weekly Update 2/22/2019 Markets Meander Higher

Weekly Update 2/22/2019 Markets Meander Higher

by David Rasmussen on Mar 1, 2019

Weekly Recap                                                                        

S&P 500                +%

10 Year Treasury   +%

Gold                      +%

Volatility              -%


Weekly Update: Markets Meander Higher

It seems like this has been the longest, most snowy/icy winter I can remember.  We are ready for spring.


It was a week of slumbering hibernation for the markets.  Volatility continued to plow downward while equities and bonds both meandered higher.  As we mentioned last week, according to a myriad of technical measures, stocks appear overbought.  For example, the percentage of stocks within the S&P 500 above their 50dma is now above 90% (chart below).   This is not to say that stocks always pull-back while such conditions are present; however, the magnitude of returns to the upside are usually muted over the following months. 


In the final week of February markets will look for trade developments as the March 1 trade deadline for increased tariffs approaches.  If we do get a deal, will we see a sell the news reaction or continuation of this near-term rally?  It is important to keep the long-term in perspective and observe the short-term gyrations and news with only passive interest.  Hasty action within the realm of investing and financial planning is most often unwise.



Enjoy your weekend.

Zach and Dave

Calibrate Wealth





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