US stock market keeps making new all time highs, BUT all is not well below the curtain....
Same sectors have huge winners and huge potential losers.....
Survival of the fittest seems to be the " motto "
Extremely news driven TAPE we got...
Stock picking has taken a " key role NOW "
NO theme driven strategy seems to work...
Go with the flow or go with the news is the only game in town....
On Friday....AVGO was IN
NVDA & AMD was out of favor....
My strategy is to wait it out till its all sorted out by forces to be....
Here is my last week results :
Last week UP .41%
YTD UP 38.21%
Here is my weighting based on 85% exposure :
SHOP 26.03%
GOOG 23.37%
AAPL 21.02%
AMD 17.10%
CRCL 7.90%
SLVU 4.58%
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Last week: -1.52% (YTD: -17.48%)
Portfolio Leaders: RZLV BITU
Portfolio Laggards: ASPI FATN BKSY AEVA
The week started out poorly for the portfolio as long term growth names continued their selloff that started a few weeks ago, but signs of stability and some single name strength (RZLV) kept the portfolio in decent standing and ready for the next move. The jobs report on Friday confirmed my thesis that lower rates and slower growth will leave investors looking for any growth stories and I think the portfolio is well positioned. I am somewhat overconcentrated having only 8 conviction names right now and with every position size at least 11.5%. As the market and economy evolve, I assume I will pick up more names, searching daily for them based on my criteria, and the portfolio will shift to the more traditional 10-12 positions. For now, I am checking to make sure my thesis will play out, as it is very early in this new rate paradigm, and today was a good indication of that. Inflation data will remain very important also, and I think the market can look through a few hot numbers if we know the economy is actually slowing (which lowers inflation ultimately).
Portfolio: BITU BKSY PONY RZLV AEVA ASPI FATN WGS, cash 0%
Stocktrader
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