Month: April 2020

Where Are Stocks Headed?

In February of 2020 the S&P 500 made a new all-time high of nearly 3,400 points. Then the selloff began that would see an intraday low below 2,200 points. That is a 35 percent loss. But the market has since rebounded recovering to 2,846 points as I write this. This represents an almost 30 percent gain from the low, and has cut the market’s loss in half. In my view, it’s a great spot for investors who have not gotten defensive to sell some stocks and raise cash.