Cash Out, or Go All In: When Stocks Are Up 16% and It's Only April
- The temptation to sell is strong after a recovery like this
- Equities sit at levels near where past sell-offs took hold
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The S&P 500 is up 16 percent on the year, back to a place where it has twice crashed. For stock managers who spent the last three months climbing out of their deepest hole in a decade, the temptation now is to take the money and run.
“The first quarter’s rally would have been good enough to shut the whole year down and call it a day,” said Scott Colyer, chief investment officer at Advisors Asset Management. Even so, he says, “I’m paid to be a worrier. I look hard for signs that the markets are about to roll over every day. I don’t see them.”