The take away quote from Bloomberg’s February 22nd article “Don’t Be Fooled, This Boring Week in Stocks Was Full of Drama,” may be this: “The market is currently in a ‘glass-half-full’ mood,” said Michael Strobaek, global chief investment officer at Credit Suisse Group AG. In other words, it’s a matter of individual perspective and where we go from here is anyone’s guess at the moment.
This is exactly the type of climate that makes our targeted asset management algorithms so important, leaving actions motivated by fear or the more positive “fake it till you make it” spin to others, while our clients benefit from proactively and effectively adjusting to market realities continually.
Still, the article gives a good mile-high look at what’s influencing market conditions today and worth the read.
“It was a heck of a week, considering nothing much happened. U.S. stocks just finished marginally higher for the past four days. The S&P 500 Index rose 0.6 percent, having not closed up or down more than 18 points in any session. In fact, the so-called fear gauge for equities, the Cboe Volatility Index, posted the lowest average reading in the past four months.” read more