BellamySwe @BellamySwe: "𝐖𝐞 𝐟𝐢𝐧𝐢𝐬𝐡𝐞𝐝 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐢𝐧 𝐭𝐡𝐞..."

Vietnam

𝐖𝐞 𝐟𝐢𝐧𝐢𝐬𝐡𝐞𝐝 𝐲𝐞𝐬𝐭𝐞𝐫𝐝𝐚𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐫𝐞𝐞𝐧! With $SPY and $QQQ dropping 0.20% and 0.26%, respectively, it was nice to end the day up - even if it was only +0.11%. The reason why the portfolio remained positive was due to me closing some tech positions while they were up and before they closed in red. Copiers will also find that I have added $O (Realty Income Corp) to my portfolio while increasing my exposure to Utilities and Consumer Staples through $XLU and $XLP . These moves have been made due to the expected short-term volatility and the upcoming FED interest rate cut. I will leave the rest of my portfolio as is since I believe in my current strategy and allocation. The rough 6% I’m holding in cash will be allocated to a swing opportunity if one arises. 𝐈𝐧 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭𝐬 Current market fluctuations don’t make sense. We’re witnessing: ✅ Strong company earnings ✅ Good economical data ✅ Inflation has cooled ✅ FED is dropping interest rates ✅ No evidence of an imminent recession All we were really waiting for today was the employment, or rather unemployment, numbers. And, again, they come out positive. The number of new US residents applying for unemployment has dropped yet again. I can’t say it better than Jeffry Bartash over at MarketWatch, so I’ll just quote him: "𝘉𝘪𝘨 𝘱𝘪𝘤𝘵𝘶𝘳𝘦: 𝘑𝘰𝘣 𝘰𝘱𝘦𝘯𝘪𝘯𝘨𝘴 𝘩𝘢𝘷𝘦 𝘵𝘶𝘮𝘣𝘭𝘦𝘥 𝘢𝘯𝘥 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘢𝘳𝘦 𝘧𝘪𝘭𝘭𝘪𝘯𝘨 𝘧𝘦𝘸𝘦𝘳 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘴, 𝘣𝘶𝘵 𝘮𝘰𝘴𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘸𝘩𝘰 𝘸𝘢𝘯𝘵 𝘢 𝘫𝘰𝘣 𝘩𝘢𝘷𝘦 𝘰𝘯𝘦 𝘢𝘯𝘥 𝘶𝘯𝘦𝘮𝘱𝘭𝘰𝘺𝘮𝘦𝘯𝘵 𝘪𝘴 𝘴𝘵𝘪𝘭𝘭 𝘭𝘰𝘸. 𝘛𝘩𝘢𝘵 𝘤𝘰𝘶𝘭𝘥 𝘩𝘦𝘭𝘱 𝘵𝘩𝘦 𝘦𝘤𝘰𝘯𝘰𝘮𝘺 𝘴𝘵𝘢𝘷𝘦 𝘰𝘧𝘧 𝘢 𝘳𝘦𝘤𝘦𝘴𝘴𝘪𝘰𝘯, 𝘦𝘴𝘱𝘦𝘤𝘪𝘢𝘭𝘭𝘺 𝘸𝘪𝘵𝘩 𝘵𝘩𝘦 𝘍𝘦𝘥 𝘳𝘦𝘢𝘥𝘺 𝘵𝘰 𝘤𝘶𝘵 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵 𝘳𝘢𝘵𝘦𝘴." Article: tinyurl.com/4666mkzh Long story short, I believe all the data points to continued tailwinds for US equities. We’ll likely not see as much growth as we did at the beginning of the year, but I’m confident in my portfolio for the foreseeable future. At least until the US elections throw us another curveball…😒

5 Mentioned

SPY

SPDR S&P 500 ETF

QQQ

Invesco QQQ

Realty Income Corp

XLU

Utilities Select Sector SPDR

XLP

Consumer Staples Select Sector SPDR