The Market Bounces Back

Friday was a terrible day for Wall Street. Last week was the worst week for the S&P 500 in more than two years. The index came very close to going below its 200-day moving average. We bounced off it a few weeks ago, and did so again today.

On Friday, the S&P 500 closed above its 200-day moving average by 0.08%. The index hasn’t closed below it in 21 months, and that was for just one day after Brexit.

In terms of relative performance, Friday was a very good day for our Buy List. The S&P 500 lost 2.10% while our Buy List was down 1.64%.

The market is looking much better. One exception is Facebook. The losses here are quite stunning. The shares dipped below $150 today. Six days ago (the Friday before last), FB closed at $185 per share.

Posted by on March 26th, 2018 at 11:45 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.