FYI: Major U.S. indexes are approaching fresh records, leaving investors facing a dilemma: Lock in this year’s startling gains or hang on for the ride.
The S&P 500 is on track for the best four-month start to the year in more than three decades, posting a 16% gain to within less than 30 points of a record. The index’s surge surprised many Wall Street banks that expected a much slower rebound from 2018’s turbulent finish.
Yet the gains have stalled in recent weeks, with swings and trading volumes dropping to their lowest levels in months. Many fund managers are holding back from adding to stock allocations or even reducing them, worried that the volatility that buffeted markets at the end of last year could return if a recent cautious shift by central banks fails to bolster global growth or if global trade frictions rise.
Regards,
Ted
https://www.wsj.com/articles/as-stocks-climb-some-investors-wonder-when-to-get-out-11555844401?mod=hp_lead_pos3
