January was officially a wash, the S & P 500 only got 0.1% on the books, the pullback had been fueled by multiple uncertain conditions affecting the world economy, the Chinese coronavirus spreading to other countries, the ongoing politics with the impeachment process, and looking back to historical data February is going to be most probably a continuation of the current downward trend. We hope to be wrong on a dimmed outlook, we are looking for a good change.
We recognize the headwinds with China confirmed 9,692 cases on the coronavirus, with 213 deaths. It is not a good picture when the threat of infection has spread to 18 other countries, dampening the global sentiment in terms of economic growth, and the World Health Organization (WHO) has officially designated a global health emergency.
Life is not all about the money, yet we still have to protect each other, wash hands, eat healthily, take your vitamins, don't rub your face, stay home when feeling sick, don't spread germs around. Let's hope everyone gets better and travel and trade return to a better stance on springtime.
In the meantime stay tuned as our strategy for the moment is still a defensive posture reminding on the G fund until we get a bounce out of the S & P 500 index with a signal on an improving MACD confirmation.
Stay healthy and good returns everyone!
