Last week was a great one for the S&P 500 with the index gaining nearly 4% and closing at a record high on Friday. Last week’s performance also serves as a good reminder not to sell just because stocks are going down because if you sold during the volatile last week of November and the first week of December, you would have missed the strong performance of last week.
For the week ahead, it could be another rollercoaster ride because we get a big announcement from the Federal Reserve on Wednesday, December 15th. The key question surrounding this meeting is will the Fed announce a quicker taper? If yes, how does the market react and digest the news?
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