P Spx: Dow Djia and Investors Wake

p spx: But after the New Year's Eve revelry what sort of 2020 will investors wake up to In our call of the day, Wells Fargo Investment Institute strategist head of global asset allocation strategy Tracie McMillion said it was unlikely 2020 would bring such outsize returns, according to Market Watch. Investors should consider taking gains in the New Year, she said, and then put the cash back to work when political or other stresses push markets lower. The Nasdaq Composite COMP, 0.30% has gained 35% year-to-date, while the S&P 500 SPX, 0.29% is on track for its biggest yearly gain since 2013, gaining nearly 29% and the Dow DJIA, 0.27% has climbed 22%. The trio all edged lower in early trading on Tuesday. If the pattern of resilient markets continues in 2020 as we expect, investors should find opportunities to take profits when markets exceed our price or yield targets ranges. By rebalancing in this way, cash can become a tactical tool that may enhance returns if market swings become more pronounced, as we expect, she added. There also may be chances to put cash back to work when political or other stresses push markets below our target levels, McMillion, head of global asset allocation strategy, said in a note. (news.financializer.com). As reported in the news.

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