The market continued to act
quite well this week, and certainly is looking much healthier than it did just
two weeks ago.
Still significantly down from
its’ high made in February, the Nasdaq has recovered more than half of its
decline and it is finally showing a small gain for the year. The riskier
Russell 2000 is still in the toilet, but has made great progress this past week
in stabilizing and become more ‘quiet’. As I have mentioned in the past,
time heals wounds in the market … and seeing the sideways action as the Russell
2000 has done this week is a great sign that fear is easing.
Obviously the larger caps are
still acting beautifully with the S&P 500 and Dow Jones moving into new
high ground for the week.
Things are definitely looks
much better, hence the reason our longer term strategy entered the market early
in the week.
It is nice to see a lengthier correction
play out as we have over the past few months. A good correction allows
the market to reset and continue upward … so I am happy to see this one
stretching out for as long as it has.
On a personal note, I am
excited to say my book, Buy and Hope was officially released this week. Check it out at Amazon here, I have included a nice chunk for free using the 'Look Inside' feature.
Hope you have a wonderful and
safe weekend.
Respectfully,
Randall Mauro
Resnn Investments, LLC
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