- The S&P large cap index gained 0.4% last week, rising to 2075.37.
- The Russell 2000 small cap index rose 0.8% last week to 1182.43.
- Long Bonds (TLT) lost 1.1% last week to 121.09.
- Asset Allocation Model: unchanged. 52% Stocks, 27% Bonds, 20% Optional.
As has been true the past four weeks, the S&P technical model says BUY in all periods. The month of December is also traditionally a good month for the market.
The broad market indexes, as well as long term bonds, are BUY in the technical model. A 4% correction in the S&P would not presently violate any trend lines, so don’t be surprised (and don’t panic) if you see a bit of volatility and some profit taking before the end of December.