5th week up!
The S&P 500 has been on a tear the past five straight weeks and get this. It is just now in positive territory for the year. That's right. People the went into a coma at New Years and just woke up saw a mere 0.3% YTD and thought nothing happened. Might I remind you that the first couple months of the year were "doom and gloom". That's why you have to stay appropriately invested in your strategy through the ugly and the good. Rebounds happen fast! Meanwhile oil continues to recover from the bloodbath it experienced last year, up 6.2% so far this year closing just a smidge under 40 bucks. So how much longer will increasing oil seemingly equate to increasing equities? Only time will tell, but there is a divergence point somewhere and being properly diversified and allocated to your investment time horizon is the long term approach to stay focused on.
Wishing you all a great weekend!