Good morning,
In checking the S&P 500 futures this morning along with the major markets in Greater Asia & Greater Europe most everything is green with some countries being up two to three percent. It seems the markets are following the price of oil upward along with the Bank of Japan lowering interest rates has added to the rally. Although it is looking as though Fourth Quarter earnings in the S&P 500 Index will be down year-over-year; however, they will come in ahead of Third Quarter numbers and are projected to improve as we move through the year. This should help equities rally in the near term and as we move through the year. Now, looking out longer term how will the FOMC react to these happenings? And, will they kill the party?
With this, and hopefully, the current selling stampede might be coming to a close, for the time being, as I have been seeing some good upward movement in some of my equity funds this week (one being FDSAX). It will be interesting to see which ones have been the better performers year-to-date and for the week once the markets close today. In tracking my equity allocation (daily) it is now closing in on 51% and might possible be above 51% after today's market close. Remember, my target allocation to equities is 50% with it's upper limit being 55%. It would indeed be nice to find myself having to reballance and having to sell some off to stay below the 55% cap as spring arrives.
For information purposes I currently have no special investment positions (spiffs) at this time as a couple of the timming models I reference along with one of my own indicates "Cash Is King."
Have a great day; and, I wish all "Good Investing."
