The stock markets in the United States have been extremely choppy
today. We have seen a constant
fluctuation between gains and losses, but a fairly tight range in the S&P
500 has held so far from 1274 to 1281.
Investors who may have been looking at an emergency conference call of G7
leaders for some good news probably should start looking elsewhere. The call has failed to generate any market
moving headlines other than they are going to continue to monitor developments
in the market until the G20 meeting in Mexico later in the month.
As we hover around the 200 Day Moving Average on the S&P 500
investors will be looking for clues to gauge the future direction of the
markets.
The S&P 500 is an unmanaged
index. Investors cannot invest directly
in an index.
Past performance is no guarantee of future results.
Eric Marvin, CFP®, CRPC®
Naples and Fort Myers, FL
JPT0600512-1058
