Financial Advisor| I've been helping families and businesses with their finances for over 15 years.
Stocks have had a tremendous run since last fall (at least until yesterday), with four straight positive months, a series of record highs for the S&P 500, and, finally, one for the Nasdaq, and a more than 20% advance for both indexes. When stocks do this well, we inevitably hear warnings about high valuations from strategists and pundits. For LPL Research, valuations and corporate fundamentals are major inputs into asset allocation decisions, so this is not intended to dismiss its importance. But good investment decisions, particularly over the short-to-intermediate term, are more comprehensive and incorporate several different disciplines — including technical analysis, in our opinion. Why is that so important? A big reason is traditional valuation metrics have historically not been good indicators of short-term performance. #Householder Group #Financial Planning #Financial Advisor