By Sanjiv Saste, Financial Advisor
Uncertainty and volatility have been roiling the markets for months and even years now leading to the broad markets trading in a range for over two years. Amazingly though, the S&P recently broke through 2130 and may be starting a new bull leg despite world events and slowing growth throughout the world. As financial advisors, part of our job is to monitor these events, yet focus on the long term. Generally speaking, US companies are lean and well positioned to take advantage of any economic growth beyond what we are achieving currently. There will be pullbacks, but unless a major structural change affects the US, companies are leveraging technology and intelligent staffing to generate top and bottom line growth. As advisors, we don’t get too excited when the market races ahead, or pulls back, knowing that investing through dollar cost averaging has historically worked for long term financial success.
The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S. stock market. individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investor’s results will vary. Past performance does not guarantee future results.