Are the S&P and Dow Headed for All-Time Highs?

Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

Published by Debra TaylorCPA/PFS, CDFA, JD | April 25, 2016

Last week, the S&P 500 rose above the 2,100 level for the first time since December 2015.  And the Dow Jones pushed above the 18,000 level, which has been the “talk of the town” on Wall Street.  Opinions about the significance of rising above these levels are divided.  Some believe there is great meaning tied to these levels because it may encourage investors to buy stocks or become slightly more bullish if this level is exceeded.  While others feel that the Dow’s 18,000 level has no significance at all.  No matter what, the levels are certainly nearing all-time highs.

If we look specifically at the S&P 2,100 level, we know that the market has met resistance here several times before.  In fact, the S&P 500 has closed above the 2,100 level 95 times since December 2015.  Moreover, on 56 of those 95 days, it also traded beneath 2,100 before closing above it.  Basically, it seems there is no escaping that level, at least up until now.

Looking at the Dow, the numbers show that, since December 2014, the Dow has gained less than 30 points.  That, however, does not mean it was calm during that time.  The Dow has actually moved a total of 42,204 points (combined) since its first close above 18,000 in 2014 (source: LPL Financial Research, April 2016).

What does this mean for investors?  We are certainly at an inflection point.  The market needs a catalyst to break through its current levels, and the question is whether this current earnings season will provide enough positive news.  Although revenue is estimated to decline year over year, the market seems to be shrugging off this news so far.  Right now, we are cautious.  Stay tuned…

If you have any questions about your investments or wish to make an appointment, please call our office.

Share:
facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.
Share Post: facebook Created with Sketch. twitter Created with Sketch. linkedin Created with Sketch. mail Created with Sketch. print Created with Sketch.

RECENT POSTS

Your Silicon Valley Bank Questions Answered

You likely have heard about the recent Silicon Valley Bank (SVB) collapse and probably have questions. Here, we provide you with unbiased answers to your questions.

Thinking About Retiring Early? 8 Things to Consider First

Tom Fridrich, JD, CLU, ChFC®, Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client).  You may have even gone so far as to take a sneak peek at your account statements …

Weekly Update: February 27th

By Debra Taylor, CPA/PFS, JD, CDFA™ Dear Friends, For investors, it may feel like déjà vu all over again as inflation and the Fed dominate market headlines on a day-to-day basis. After all, the numerous market swings last year were driven by ever-changing expectations around the Fed – …

4 Tips to Take Your 401(k) to the Next Level

Matt Kory, Vice President, Retirement Programs As a retirement income vehicle, the 401(k) is second in popularity only to Social Security – and as CNBC reported in 2019 the number of 401(k) millionaires is at an all-time high. But is a million dollars even enough for your retirement needs? 

1 2 3 224 225 226

Get in Touch

In just 15 minutes we can get to know your situation, then connect you with an advisor committed to helping you pursue true wealth.

Schedule a Consultation

TweetsFollow Us