Investing Update: A Bull Market Scare?
What I'm buying, selling & watching
On Tuesday night I wrote a note about how I viewed investing to be like riding a roller coaster. It was released Wednesday morning (Investing Is Like Riding A Roller Coaster) and I don’t think it could have been timed any better.
Sorry everyone. I know, I had to say something about how volatility was non-existent, and look what happened.
Wednesday saw the S&P 500 fall by 2.81% in reaction to the Fed’s forecast and the inflation outlook.
It was actually the biggest selling wave of the year. 483 S&P 500 stocks were down on the day.
Then Friday was the first positive breadth day of the month. That ended a 14 day streak of more decliners than advancers. It was the best day for the S&P 500 since November 6th.
A roller coaster of a week it was!
Market Recap
Weekly Heat Map Of Stocks
