And since mid-June the S&P 500 went up 5.7 percent, he said.
“That gives an indication of how quickly this market can move and why it’s important, if you have the stomach for it, to be invested it the stock market because the gains can be significant over short periods of time,” Trabucco said.
Despite the recent negative returns, Trabucco said interfund transfers have not increased.
“Generally we have 4,000 to 12,000 interfund transfers in a day,” he said. “Over the last couple of weeks that’s exactly where it’s been.”