US stock market has found bull thanks to crashing treasury yield.....
Tumbling treasury yield means borrowing cost of Corporation, Consumers & Government all coming down....
Home buyers, line of credit, all will benefit with lower Interest rates...
BUT BUT Fed is behind the curve as usual.....
Market has given its verdict where interest rates are headed in 2024.....LOWER is the word....
This has given big boost to small cap which has been crucified in this go go top 7 Nasdaq stocks....
NOW Nasdaq 7 are taking a well deserved nap for 2 days....that Nap is over....
Nasdaq big 7 should come back with a roar NOW
Wall Street is an interesting place, either you are ahead of the crowd or way behind IF there is no conviction or patience
Chasing sectors / stocks usually gives sub par results....
IF not ahead of the pack @ least be with the pack....
YES...small cap will do the most in current scenario as they have a long way to making new highs....
SO
A mix of small cap stocks & Nasdaq 7 is an ideal combo in an aggressive portfolio....
Oil stocks are ready to join the party as growth returns to the world.....
GDP has seen the lows worldwide as stock prices are running ahead of fundamentals as they see good growth ahead 6 months out.....
SO...look @ your portfolio, adjust weighting or add new ones or switch.....all should be done quickly to catch the wave....
Good luck with your own take on world economy, Interest rate trend and your own comfort level.
BLOG does NOT give buy or sell.
Saleem
5 comments:
Hi Stocktrader,
Last week UP 3.93%
YTD UP 107.58%
Saleem
Hi Stocktrader,
Sold 50% NVDA in Toronto @ $43.15
Added 40% PLTR @ $18.52
Saleem
Hi Saleem,
Good luck with PLTR - some pullbacks today
I'm not feeling great the last few days and I've been slow to finish my weekly numbers. I'll focus and finish shortly though :)
Stocktrader
Hi Stocktrader,
Focus on getting well 100%
Numbers can wait....till next week...
Saleem
Hi Saleem,
Last week: +7.10% (YTD: +92.29%)
Portfolio Leaders: LYFT CVNA PLAY IONQ (all > +10%)
Portfolio Laggards: TYGO ZENV
It was a stellar week for the portfolio as stocks with high short interest really shot higher as interest rates eased again. Small caps were the big winners (+3.05% for the index), and so my double-weighted triple-long small cap ETF powered portfolio gains. We saw some great chart breakouts after months of languishing, like LYFT, and there are probably more to follow as we have a new rotating bull market finally in the broad stock indices, not just the mega caps. Although some breather is due here, I think the end of the year should continue to see lift higher generally and the portfolio is positioned for that.
Holdings: TNA(x2) LYFT CVNA PLAY HIMS AGCO IONQ PSNL ZENV(0.5x) TYGO(0.5x), cash 0%
Stocktrader
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