US stock market after correcting for 5 straight day's was ripe for any catalyst or bullish news....
Fed speech provided the much needed bullish catalyst to the surprise of many....
US stock market gave its verdict after Fedspeak.....UP UP & AWAY...
US stock market should make a new all time highs in this run....
Financials, Homebuilders, Small cap and Precious Metals like Gold Silver are the direct beneficiaries of lower Interest rates.....as US$ goes lower.....
Here is my last week result :
Last Week Down 0.06%
YTD UP 38.89%
Here is my portfolio weighting on 77% exposure :
GDXJ 35.59%
SHOP 27.86%
AMD 21.08%
CRCL 10.32%
SMCI 2.65%
LULU 2.50%
BLOG does NOT give buy or sell.
Saleem
3 comments:
Hi Salem,
Thank you for taking your time for the Sunday's blogs. Much appreciated sir! Praying your health condition continues to be stable and improve🙏🙏🙏
Simon
Hi Simon,
Appreciated your ongoing good wishes for my health.
Time is a great healer, hopefully will get better!
Saleem
Last week: +0.74% (YTD: -16.62%)
Portfolio Leaders: AEVA CVCO BKSY
Portfolio Laggards: PONY FATN
In a week saved by Powell on Friday, the portfolio made modest gains. Small caps were the star of the week, and as long as the economy holds up, they could continue to shine. I still prefer long duration assets in a falling rate environment, but there is certainly scope for many assets to rise here, for multiple different reasons, including AI efficiencies. The rally finally seems to be broadening as my small cap new-high screen is seeing the highest results in many months. I didn't make any moves this week as I am comfortable with the positioning for now, but always look for new opportunities as they might arise. Saleem has been riding many of the large cap names and has produced extremely stellar results YTD and I hope I can make up some ground in the months ahead :)
Holdings: BITU(x2) AEVA CVCO ASPI WGS RZLV BKSY PONY FATN, cash 0%
Stocktrader
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