US stock market is showing relative better performance compared to other world stock market..
Reasons are many......
Stock market predicts six months ahead.....
US is taking fighting Covid-19 very seriously....
New York has shown real leadership in its fight to deal and contain infection.
Covid-19 is tapering worldwide.....
Most countries are ready to open their economies as early as Monday the 13th April, 2020
US getting green light to open up from May 1st, 2020
Sweden never closed anything except common sense approach of avoiding crowd of more than 50 and monitoring and containment of Senior citizens, Schools & Factories were open...they have lowest number of infection and death in the world.
From doom and gloom to hope stage have taken over worldwide......
Most countries will amend how they operate their daily business.....
OPEC plus has a deal of 15 million barrel cut in production....it took 3 days but it is all done and agreed upon.....
Cannot hope for better turn of event for coming week......
Market should rally 1000+++ points on Monday.....
All the bears will jump in and claim they had the right call......
Serious inflow of funds in equities......
Exposure should be in maximum......
Oil stocks / ETF / 3X bull should outperform.....reason....oil is @ low of the year / decade / 20 years based on Friday's close......
All in all ...happy day's are here!
Good luck with your own thesis and comfort level.
BLOG does NOT give buy or sell.
Saleem
8 comments:
Hi Saleem,
Last week: +13.68% (YTD: +0.27%)
It is still a wild ride with the market rallying the most in many years despite the shortened week. Some of the high growth stocks stalled late in the week in favor of value stocks, so I am interested to see if that continues. I made a mistake selling some stocks mid-week before realizing the market still has legs. It cost me a few %, but I'm still pleased I've managed to crawl back to slightly positive for the year in the face of such a tough market. I'm actually not sure we will get much earnings certainty for a while, but the market may look through the poor Q2 numbers (if provided) if it sees a path forward.
Holdings: BAND WDC CHGG KRA AVGO PINS MCHP HUYA SPLK FSLY PHM, cash 0.0%
Stocktrader
Hi Stocktrader,
Last week UP 33.38%
YTD loss 20.31%
Saleem
Hi Saleem,
Wow, nice week!!
Sold PHM @ 24.24
Homebuilder stocks just don't make sense here as huge income disruption forces a pause.
Stocktrader
Hi Saleem,
Sold KRA @ 9.76 avg
Sold SPLK @ 123.32
Reducing some exposure in my less convicted names.
Stocktrader
Hi Saleem,
Bought BHVN @ 33.77
The leading migraine drug with interesting potential in Alzheimer's could be worth a flier here.
Stocktrader
Hi Stocktrader,
Thanks for your complimentary message.
Good luck with BHVN....
Saleem
Hi Saleem,
Sold WDC @ 43.25 on relative weakness to its peers
Stocktrader
Hi Stocktrader,
Good luck with new picks!
Saleem
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