Week of February 6, 2023
Given the myriad concerns that enveloped global capital markets during the past 12 months – Russian invasion of Ukraine, US midterm elections, China intimidation of Taiwan, a restive Fed committed to fight inflation – it is not unusual that volatility pervades. However, after touching an interim low last October, the S&P 500 Index has edged higher with downturns being relatively modest and short-lived. We would expect this trend to continue. Our Signals remain unchanged.
Bob Bilkie, CFA.