One week into 2017 and the S&P 500 is up 1.7%. $SPX
I am a little surprised. I thought that once the calendar flipped over into 2017, that we would see some stock selling. People who have postponed paying 2016 tax rates on gains, who are worried about the Federal Reserve hiking interest rates, and who are concerned about the incoming Trump administration.
Eh. Bricks in the wall of worry so far. I remain close to 100% long, but worried and thinking I should book some gains and build up cash for the selling that we all know is coming.
Meanwhile… All 11 sectors of the S&P 500 are up so far in 2017. The health care sector is leading so far, up 2.9%. The utilities are lagging, up 0.5%.