S&P 500 Still out of Correction Territory

Written by Donnie Nguyen

March 3, 2019

The S&P 500 is well out of correction territory for its seventh week in a row. It’s now just 4.6% away from its all-time high set in September of last year.

As I mentioned in my last post, I’ve been looking for stocks to sell in my portfolio to get my cash levels back up to around 25%. This is the level I feel comfortable with at near all-time highs. It will allow me to pounce on stocks again the next time there’s a market correction.

Both of my individual stock portfolios are back above 20% in cash, so just a little more to go.

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In terms of news that could potentially affect my investment plans, there hasn’t been much this week. The next event I’m looking at is the FOMC March 19-20 meeting.

How are you guys handling the market? Share your thoughts by commenting below.

Disclosure

I wrote this article myself and it expresses my own opinions. I’m not receiving compensation for it (other than from Wolves Of Investing), and I have no business relationship with any company whose stock is mentioned in this article.

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