US stock market is facing worst slump in recent memory.
From February 19th to April 7th in 47 calendar days, Nasdaq has lost about 5315.36 points or 26.45%
Based on unforeseen consequences of " trade war ".....this bear market may last much much longer than any prediction so far....
My guess, this bear market may last 4 years......
SO sit back & plan for second longest bear market in history....
Longest one which I have seen was from 1973......when DOW crossed 1000 and did not end until in mid 700.....
US has shattered world's " trust & order " which may have far reaching consequence......
High handedness & unilateralism does not work......
Bottom line IS......
Do NOT expect much in next 4 years until there is a change @ the TOP......
Playing with figures & FACTS has lack of CREDIBILITY in any deliberation....there is NO LINEUP for any DEAL YET.....
Then there is FOCUS on REDRAWING world map.....MANY have attempted in history with serious consequence.....MANY country have NUCLEAR BOMB......
SO...there is MORE than what is being analyzed in 15 second sound bites.....
SO please understand current stock market environment which for the first time is dealing with " self created many issues "
Here is my last week result :
Last week down 4.20%
YTD loss 22.21%
Here is my portfolio weighting:
GOOG 16.06%
SHOP 13.25%
TSLA 9.62%
AAPL 9.08%
UBER 8.98%
HOOD 7.60%
AVGO 7.45%
NVDA 7.43%
SMCI 7.27%
MSFT 6.76%
SLVU 3.53%
MU 2.97%
BLOG does NOT give buy or sell.
Saleem
1 comment:
Hi Saleem,
Last week: +0.12% (YTD: -41.80%)
Portfolio Leaders: GENI RBRK
Portfolio Laggards: AMKR RXRX
It was another volatile week of eventual declines, but the portfolio stabilized at these lower levels. Small caps outperformed for once, and that may be indicative of a medium-term bottom forming. The backdrop remains more uncertain than almost any time in my investing career, but good companies can still stand out once we get even a little bit of "known" into our chaotic unknown right now. The dollar remains the feature of the markets and is the clearest indication we have that US assets continue to be sold around the world. Eventually this selling will abate, and we need to be appropriately positioned for the future from there.
Holdings: RXRX GENI RBRK SSYS CVCO CWAN DAVE PSNL AMKR AEVA, cash 0%
Although earnings are coming, they are very much overshadowed by the macroeconomic picture, so we gather information from the calls and wait for business momentums at individual companies to re-assert themselves. I am trying to stay with my usual growth companies that are exhibiting some form of relative strength because I think it's important to know that even in these times there are some underlying buyers - that signals true desire to own those companies specifically.
Stocktrader
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