The market added to its positive Year-To-Date return in February with the S&P 500 Total Return gaining 3.10% for the month.
The market roars back in January, while the Equity Trend model continues to trim exposure to equities.
While the S&P 500 Index has recently rebounded off of its Christmas Eve by over 10% as of the close on January 11, 2019, investors should remain cautious.
In this week’s recap: an impressive jobs report, a disappointing factory activity index, a slight recovery for oil, and some tailwinds on Wall Street.
Frank Loesser wrote the “Baby, It’s Cold Outside” in 1944 to sing with his wife, Lynn Garland, to indicate to their party guests when it was time to leave, and investors took the same cue in December.