US stock market may have discounted just about everything.
First it was COVID-19 and its many manifestations...
Second it was a major shutdown of world economies..
Third spiraling cost of just about everything
Fourth Mighty Fed wants to control Inflation
Fifth Russia trying to take over Ukraine
Sixth West & Russia on collision course to control everything from Russia
I do think most of the above have entered an end game not to far away.....
World economy is slowly ratcheting UP
Cost are coming down IF you can believe it...look @ lumber and maybe Oil has seen its peak also, Gold lower...gold & silver stocks are not looking healthy....
Even technology stocks have found solid support...some are heading higher think BLOCK
YES..it will be a slow grind in near term...because Fed has to do something in few days...will it be .25 basis or 50 basis...my bet 50 basis will be greeted with a strong rally...then a wait for 2 months for another hike....while we make up lost ground....
Please look @ your portfolio closely, it is looking dicey on Wall & Broad...be well diversified with restart stocks....they are ready and able to vroom vroom hard
World is opening up for travelers, most restrictions are gone and / or are on their way out
SO stay calm, show conviction and patience, because we have a long way to travel nirvana....
Good luck with your own analysis, expertise and comfort level.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Saleem,
Last week: +0.63% (YTD: -13.15%)
Notable Leaders: PINS BMEA ENPH AVLR VERI
Notable Laggards: GMBL DE
A very volatile week ended with overall slight upside for both the portfolio and markets. A disastrous post-earnings reaction from GMBL (-62%) shaved over 2% from potential gains - a great lesson that even small positions can affect a portfolio when they drop significantly. The fierce v-bottom action in some growth stocks might indicate we've finally put all the bad news behind us, with sentiment surveys corroborating this thesis. I still believe that stock picking will help propel portfolio performance this year more than in the prior two years. Good luck to everyone as we navigate through the multiple crises!
Holdings: UPST DE PLAY GLBE ENPH AVLR CXM PINS VERI ZIP USER ZENV BMEA, cash 0%
Stocktrader
Hi Stocktrader,
Last week Down 1.26%
YTD UP 5.21%
Saleem
Hi Saleem,
Sold PINS @ 26.99 to take profits
Sold AVLR @ 105.21 to take profits
Trimmed most others to raise cash for opportunity
Sitting on 29% cash now.
(Oops sorry, thought I sent this msg already but was still in draft mode)
Stocktrader
Hi Saleem,
Looking at MAR LYFT GM FDX PHM for future add - MAR almost certainly to be the first pickup.
Pandemic effects appear finally gone and experiences should rule over goods/products for now.
Stocktrader
Hi Stocktrader,
Good luck with raising cash and new buy list....
Saleem
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