3 Things to Do if the Market Rises in August
These are crazy times. Stocks were crushed in late February and early March, when the coronavirus outbreak reached the United States. All told, the S&P 500 lost a little more than a third of its value between February's high and March's low, only to rally almost 50% since that bottom. That's still not enough to bring the index back to its previous peak, but it's close. Momentum may get the job done in August.
Still, another good month for the market presents a quandary for most investors. Stocks are valued based on where they're going rather than where they've been, and there's little doubt the world will eventually work its way past the impacts of COVID-19. However, more gains in August leave little room for follow-through from companies already crimped by the contagion.
Here are three things investors should consider doing should this month tack on more gains.
Source Fool.com
