Happy New Year (again) –
As the first week of the New Year comes to a close, it appears we are definitely on the “right foot” as far as the markets go. Once the Fiscal Cliff situation got (apparently) resolved, the markets responded strongly with a strong vote of confidence, closing up on huge volume. The exchange traded fund, SPY, which is a proxy for the SP 500, gapped up, which is a very good sign of strength going forward.
A look-back on the week’s fund performance, shows that small cap stocks are performing best so far, which would correspond to the S-Fund. Next in line were large cap stocks, which would correspond to the C-Fund. I-Fund is last in line. Again, this is looking back the past trading week.
For now, I am 100% S-Fund. As long as things are going smoothly, I will slow the updates down and not clog everyone’s inbox up. Expect another update in two weeks or so. See you then.
Bill P
