The simple fact of the matter is — we have a Tale of Two markets — with the Nasdaq +21% YTD and the Russell FLAT. This wide chasm of performance has McFooled people all year, as the small plebs attempt to extract coin from low brow stocks in the face of big cappers reaching new 52 week highs.
I’ve seen these type of tapes before and it never ends up with a massive rally for the smaller capped names, but instead more of the same “Nifty Fifty” styled runs with talking heads continuing to call for the participation of the lower class stocks.
These divergence can be seen in almost every industry — with larger banks beating the shit out of the smaller, BIG PHARMA and their fancy govt mandated death shots outstripping the under-funded biotechs and money losing tech drifting out to sea whilst stocks like CRM and MSFT dominate.
My quant fund is +3.11% for 2023 and that is more or less in line with the wide array of stocks available to people — but woefully less than your standard QQQ investment scheme. To help to remedy this, starting May I will include other pools of stocks that aren’t just high growth. Whether this ends up in disaster of success is anyone’s guess and only time will tell.
For the rest of my day, I have many things to do — toils about the house — chores that must be attended to. I do feeeeeel under the weather and have felt this way since allergy season began — a large price to pay for the pleasure and joys of planting some tomatoes and making sure there aren’t any fucking weeds in the lawn.
I want to reiterate for the sake of emphasis the type of tape we are in now via showing you YTD returns.
AAPL +31%, MSFT +28%, GOOGL +21%, AMZN +25%, NVDA +89%, META +99%, TSLA +33%.
If you’re not long large American monopolies, you’re not really making money this year.
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Liquid tech, blue chip big cap is safe haven and mitigated disaster, on the the positive side.
The dark side of me says big dealers are promoting like hell and unloading inventory.
Grow fresh tomatos and fresh basil, why anything else is needed?
Just some (very) random thoughts on your post.
I believe the stocks you named created some 90% of the S&P 500 gains thus far. Reminds me of the “Nifty 50” in the 1970’s where investors were told they can hold these growth stocks forever and they were the only ones going up for awhile. Eventually they too crashed in he Great Bear Market of the 70’s.
Also, Janet Yellen (of transitory inflation and all is well with the Banks) is an idiot and just another politician in a position that calls for someone who isn’t. Which Bank(s) is next.
Just had two skin cancer surgeries on the face so Fly (and others) use sun block and cover up best you can on the tennis courts. I always did but not growing up in Miami. Never heard of sun block back then and was always busy playing ball, golfing, fishing, etc.
Good sunblock reminder heading into summer, TC. Wish you a speedy recovery.