As the market powered forward, so did the portfolio, marking one of the best two-week stretches in the portfolio's history. As the Federal Reserve embarks on its easing cycle, small and growth stocks roared. The already-established portfolio positioning finally saw the huge benefits, even as some premature sells limited even further upside. The risks from here are overbought conditions and frothy sentiment or potentially a government shutdown, both just excuses to take profits. The medium term story remains robust for the markets and we likely see a melt up into year-end. I reduced my exposure significantly as I expected a "sell the news" event on a very telegraphed Fed decision, but the momentum continues nearly unabated. I look for an opportunity to re-enter.
4 comments:
Hi Saleem,
Wonderful trade on GDXJ - good luck on next!
Stocktrader
Hi Saleem,
Last week: +9.98% (YTD: +3.22%)
Portfolio Leaders: PONY FATN (both +38%)
Portfolio Laggards: none
As the market powered forward, so did the portfolio, marking one of the best two-week stretches in the portfolio's history. As the Federal Reserve embarks on its easing cycle, small and growth stocks roared. The already-established portfolio positioning finally saw the huge benefits, even as some premature sells limited even further upside. The risks from here are overbought conditions and frothy sentiment or potentially a government shutdown, both just excuses to take profits. The medium term story remains robust for the markets and we likely see a melt up into year-end. I reduced my exposure significantly as I expected a "sell the news" event on a very telegraphed Fed decision, but the momentum continues nearly unabated. I look for an opportunity to re-enter.
Holdings: PONY FATN LKNCY, cash 58%
Stocktrader
Hi Stocktrader,
Great performance last 2 weeks.....
Saleem
Hi Stocktrader,
Congrats on PONY FATN and positive for the year :-)
Simon
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