The major indices have started the second half of 2020 the same way it finished the first half of 2020…higher. So, what can we expect moving forward?
Last week, we talked about the VIX and the trading range that the S&P 500 has been it. Well, as the week ended, the VIX was below 30 and the S&P 500 closed at the top end of its trading range, possibly setting up for a retest of those briefly hit early June highs. But if we do get a retest of those early June highs it’s important not to get complacent or market chase just because stocks are moving higher.
So, for the week ahead let us focus on diversification. Since the March lows, diversification has really worked – whether it’s been bonds, gold, or non-U.S. stocks - all phases of a portfolio have contributed at one point or another during this advance. Let’s remain disciplined and strategic especially given the uncertainty of reopenings, the uncertain path of Covid cases, and the uncertain employment picture that still remains.
For a deeper dive into all of this and more join us for our second quarter market in review call on Thursday, July 16th at 2pm. Head on over to assetstrategy.com/events to register.
For a more detailed market report head on over to our Insights page. Where there are some of the key economic data points to be released this week. Also subscribe to our YouTube channel and check out some of our other social media pages.
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