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Market Updates

S&P 500

July 3rd, 2017

The S&P 500 sell off on 6/29/2017 saw the index trade down to the 50-day moving average and hold. You can see in the chart that the gold line was the point where buyers came into the markets. So, we now know that the 50-day is now a good support line if more selling should come into the markets.

Wealth Management Companies - S&P 500 Graph 07-03-2017 IMG

John N. Lilly III

Portfolio Manager, DJWMG

 

The S&P 500 is an unmanaged index of 500 widely held stocks. Past performance may not be indicative of future

results. It is not possible to invest directly in an index. Opinions expressed are those of the author John N. Lilly III, and not necessarily those of Raymond James. The information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The charts and/or tables presented herein are for illustrative purposes only and should not be considered as the sole basis for your investment decision.

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