Fiscal-stimulus hopes led to the second consecutive day of strong gains pushing the S&P 500 Index to its biggest two-day increase since November 2008. In addition, the Dow Jones Industrial Average jump of more than 11% Tuesday was its biggest one-day gain since March 1933.
Trying to time the market is extremely difficult. While the recent market volatility understandably creates emotional moments, history has proven that a majority of the best days in the market come within two weeks of the worst days. Investing for the future, while managing this volatility, should result in a better outcome in the long run.
Disclosure: This Commentary represents a review of topics of possible interest to Pennsylvania Trust’s clients and is not personalized investment advice. It contains Pennsylvania Trust’s opinions, which may change following the date of publication. Information obtained from third-party sources is assumed to be reliable but is not guaranteed. No outcome — including performance — is guaranteed, due to various uncertainties and risks. This document is not a recommendation of any particular investment. Investment decisions for clients are made on an individualized basis and may be different from what is expressed here. Past performance is no guarantee of future results.