Most major averages managed solid gains for the week as the S&P 500 gained 0.78% to close at a new record of 3013.77. Given that the S&P 500 was up 19.3% as of last week, I feel sorry for investors who followed their original advice. The S&P 500 topped at 2872 at the end of January 2018 before an 11.8% decline, eventually closing at 2506.85 for the year. This may be a positive sign for the financial stocks, as many of the largest banks report earnings next week. On February 25, 2019, my order to sell 25% of the position was executed when the S&P 500 moved above 2805.

Source: Forbes July 14, 2019 17:37 UTC