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Michael Traxler Wealth Management, LLC

Back to the Charts......Are we getting close?

Hello Again, so glad tax season is behind us.  Just a quick note to let you know that the stock market continues to act positively.  It’s up big today.  See the blue line below. The S&P 500 is right back up against it rubbing it yet again.  It looks like it intends to go through it.  If so, this would be a very positive development.  I remain very optimistic as company earnings have been coming in better than expected for the most recent quarter.  But don’t expect to hear about the optimism in the news.  Media only reports on what is happening right now, and that remains murky.  Stocks are always looking forward. The market is telling us that things could be better than expected in 6-9 months.  That’s when you will see the good news, but if so, stocks will already be much higher by then if I’m right. In my humble opinion, long-term money that is still on the sidelines better be getting ready to go!  Stay tuned!!

Best Regards,


PS:  If you know of someone that needs investment and planning advice, we are taking on new clients and we would be honored were you to give them our name.  We have three advisors now with the addition of Ted Hefty passing the test. Thank You Very Much!!

This chart represents the last 13 months of the S&P 500, an index that closely follows stock performance of 500 of the biggest stocks in the US.