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Current Market Outlook
BLOG POST: Our Current Market Outlook is “Uptrend Under Pressure” and our light is “yellow.“
James Jon Benet
December 18, 2024
The S&P500 and Nasdaq Composite charged ahead in the 4th quarter of 2019 on improvement in the China trade war with the S&P500 rising 8.53%* and the Nasdaq gaining 12.98%*. (* percentages listed without dividends) For the year, the S&P500 gained 33.07% (including dividend reinvestment) and the Nasdaq earned 39.39% (with dividends reinvested).
The stock markets uptrend, which started in January and was re-confirmed in May with a “higher low,” remained healthy through the Christmas rally.
Will the new year, an election year, be fruitful too? Only time AND technicals will tell. Remember to check our “Current Market Outlook” blog for important technical updates on the stock market throughout 2020. https://triumphantpm.com/current-market-outlook
Have a Triumphant day! ®
The information in this article is based on data obtained from recognized services and sources and is believed to be reliable. Any opinions, projections or recommendations in this report are subject to change without notice and are not intended as individual investment advice. Not to be used as legal or tax advice.
©2020 Triumphant Portfolio Management, LLC.
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