Wealth Management Firm Near Me - Facebook Icon IMG  Wealth Planning Near Me - Twitter Icon IMG   Find A Financial Advisor Near Me - Linkedin Icon IMG 

678.971.1337

Access Your Account Online

☰ Menu
Market Updates

Daily Commentary

April 2nd, 2020

wealth management services near me - Windsor Wealth Planners and Strategists Logo IMG

Headline News:

U.S. stock futures are set to open higher on Thursday as oil prices rose on hopes of a Saudi-Russian deal to cut output. Also, the U.S weekly jobless claims rose to over 6 million as more cities are enforcing a stay-at-home policy. The report beat estimates of only 3 million, which has economists predicting a possible future unemployment rate of near 12%. Investors could be faced with a challenging day as economic data continues to be reported.

Markets:

The S&P 500 moved below the trading range and support at 2500.07 on with below-average volume on Wednesday. The RSI index moved lower and closed at 41.85. The break of support is troubling, and unless the index can rally back above potential support at 2500.07 soon, the old lows could possibly be quickly tested. New potential support could come in at 2380.94

We are currently long-term bullish and short-term bearish.

Certified financial planners near me - SP 500 retirement investment opportunities graph IMG 147

John N. Lilly III
Accredited Portfolio Management Advisor℠
Accredited Asset Management Specialist℠
Portfolio Manager, RJ
Partner, DJWMG
Windsor Wealth Planners & Strategist

 

The Relative Strength Index (RSI), developed by J. Welles Wilder, is a momentum oscillator that measures the speed and changes of price movements.

 The S&P 500 is an unmanaged index of 500 widely held stocks that is generally considered representative of the U.S stock market. Past performance may not be indicative of future results. Keep in mind that individuals cannot invest directly in any index, and index performance does not include transaction costs or other fees, which will affect actual investment performance. Individual investors’ results will vary. Opinions expressed are those of the author John N. Lilly III, and not necessarily those of Raymond James. “There is no guarantee that these statements, opinions or forecast provided herein will prove to be correct. “The information contained was received from sources believed to be reliable, but accuracy is not guaranteed. Investing always involves risk and you may incur a profit or loss. No investment strategy can guarantee success. The charts and/or tables presented herein are for illustrative purposes only and should not be considered as the sole basis for your investment decision. International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. Investing in emerging markets can be riskier than investing in well-established foreign markets.

Please add: Investing in oil involves special risks, including the potential adverse effects of state and federal regulation and may not be suitable for all investors.

 

Securities offered through Raymond James Financial Services, In., Member FINRA/SIPC.  Investment advisory services offered through Raymond James Financial Services Advisors, Inc. Windsor Wealth is not a registered broker/dealer, and is independent of Raymond James Financial Services. Raymond James financial advisors may only conduct business with residents of the states and/or jurisdications for which they are propertly registered.  Therefore, a response to a request for information may be delayed.  Please note that not all of the investments and services mentioned are available in every state.  Investors outside of the United States are subject to securities and tax regulations within their application jurisdications that are not addressed on this site.  Contact your local Raymond James office for information and availability. Links are being provided for information purposes only.  Raymond James is not affiliated with and does not endorse, authorize or sponsor any of the listed websites or their respective sponsors.  Raymond James is not responsible for the content of any website or the collection or use of information regarding any website's users and/or members.