US stock market has surprised many in the last 3 years....
First many stocks quadrupled in stay @ home frenzied buying, It was an all IN investing idea.
Second other travel related stocks tanked losing 75% of its value....
Then came supply and Inflation shocker......
Retirement took hold resulting in labor shortage & wages shooting skyward..
Finally, demand all but dried up for stay @ home stocks
Nasdaq took its biggest hit finally and went straight down for 30 months and finally hit the floor
NOW as we saw 2023 approaching......performance & sectors reemerged.....
By 17th of February, 2023..less than 3 months later we have very interesting performance...
DOW has stayed flat in last 6 months.....a huge laggard...who could have predicted this...not even famous chartists, gurus and all pundits put together....
In less than 3 months following performance has emerged:
S&P 500 went UP 8.36%
RUSSELL 2000 went UP by 13.38%
Nasdaq went UP by 15.48%
SOX went UP by 22.93%
IF we listen to SOX...we are in a confirmed bull market notwithstanding Fed Governors efforts to bring equities to its knees....Fed has failed to stem inflows which will come with more intensity going forward.
YES...we are staring @ a strong bull market in strong sectors...
This week Nasdaq , SOX and Russell 2000 will move UP very quickly...writing is on the wall.....of Wall & Broad....
SO....ignore Fed, It IS all factored IN 5% rate is in the market....
SO...look @ your portfolio and see where your overweighting IS, hopefully in the right group of stocks...
We have a long long way to go to a series of new all time highs and DOW may limp along....
Good luck with your own analysis & conclusions....
BLOG does NOT give buy or sell.
Saleem
2 comments:
Hi Stocktrader,
Last week Down 4.51%
YTD UP 28.29%
Saleem
Hi Saleem,
Last week: +0.78% (YTD: +37.74%)
Portfolio Leaders: SI BMEA
Portfolio Laggards: TOST BMBL ZENV
Although the returns looked muted for the week, it was very volatile with a huge up move early, but succombing to a down move late. A few key winners helped drive the portfolio, and I let go of a few positions post-earnings. Both the economy and inflation are remaining more resilient than expected, leading to a 10-yr yield that rose throughout the week. All things considered, my growth stocks did OK, so I wonder if the worst has still been priced in despite my worries. I will continue to monitor and try to be opportunistic as usual.
Holdings: SYM BMBL TOST PINS MDB SI IONQ BMEA BLNK ZENV, cash 0%
Stocktrader
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