Remember when the S&P 500 index dropped to its lowest point a few months ago? Based on the news, the S&P 500 gained on Tuesday, as Walmart and Home Depot reported results that exceeded expectations, while technology shares declined, weighing on the Nasdaq.
As the S&P 500 retail index (.SPXRT) rose 1.9%, the consumer discretionary and staples sectors gave the benchmark index its most significant lift.
In addition, the S&P 500 came close to breaking above its 200-day moving average. Since early April, we haven’t seen the benchmark index close above that level.
Below is a sample recording I made back in the office when this occurred.
In conclusion, we are all living examples of Nasdaq, Dow, and S&P. We rise and fall. During the fall, the leaves of the trees fall off, while during the spring, the flowers bloom. Winter is tough, that’s for sure. The same is true for us. Regardless of how challenging it gets, find your Northstar and use that burning desire to fuel every failure or setback that keeps you moving forward. Embrace curiosity, and learn something new. Trust me ― bear markets do not last forever.