What a wild ride!!!

This year has been a remarkable journey for the US stock market. Below are some key highlights:

Key Events and Observations:

• Early Bullish Sentiment: At the onset of 2025, analyses suggested a potentially positive year for the S&P 500, contingent upon the index maintaining a certain threshold to indicate continued growth.

• Mid-February Peak: The S&P 500 achieved a record high around February 19, 2025.

• March Volatility: Leading up to and following the March 21st announcement regarding potential tariffs, the S&P 500 experienced a significant decline.

• April Stock Market Crash: Between April 2nd and April 10th, 2025, the US stock market underwent a crash, with the S&P 500 experiencing substantial daily declines. However, a notable surge occurred on April 9th, though volatility persisted thereafter.

• Correction Territory: By mid-April, the S&P 500 remained in correction territory, having fallen more than 10% from its February peak.

• Recent Winning Streaks: Towards the end of April, the S&P 500 experienced several consecutive days of gains, including a five-day winning streak leading up to April 29th.

Looking ahead, following client reviews in March, I adjusted portfolios when the SPX (S&P 500) dropped to approximately 5400 points. In many accounts, I divested from underperforming securities and reallocated into more stable products suited for volatile environments. Please remember that past performance is not indicative of future results.

If you wish to discuss your long-term strategy or have questions about the current market conditions, feel free to text me or schedule a call. https://calendly.com/bruce-mountainhighwm/new-meeting-1

Until we speak again,

BK

Advisory services are offered through Mountain High Wealth Management LLC, a DBA of Forefront Advisor Network.