Copied and pasted from the Big Bang Investing Board.
This briefing is for the week ending December 24, 2021.
The Index Review
For the week the major equity indices finished up as Santa arrives. The Dow Jones Industrial Average gained +0.15%. the S&P 500 Stock Index rose +1.22%, the Nasdaq Composite climbed +3.12%, while the Russell 2000 Small Cap Index was up +4.14%. The three best performing major equity sectors for the week were XLY (Consumer Discretionary) +3.47%, XLK (Technology) +2.56% and XLC (Communication Services) +1.97%. The widely followed S&P 500 Index ETF SPY closed the week with a dividend yield of 1.24% and is up year to date +27.48%; and, it is off its 52 week high by -0.62%. The widely followed US Aggregate Bond ETF (AGG) was listed with a yield of 1.81% and for the week lost -0.24%. Year to date AGG has had a negative total returned of -1.75% and is off its 52 week high by -3.42%.
Global Equity Compass: For the week my three best performers in my global equity compass were GSP (Commodities) +2.69%, IEV (Europe) +1.72% and VTI (US Total Stock Market) +1.71%.
Income Compass: For the week my three best performers in my fixed income compass were CWB (Convertibles) +2.67%, PFF (Preferreds) +0.62% and HYG (Corporate High Yield) +0.52%.
Currency Compass: For the week my three best performers in my currency compass were FXA (Austialian Dollar) +0.94%, FXB (British Pound) +0.68% and FXF (Swiss Franc) +0.12%.
Old_Skeet's Soap Box ... Since I take all my mutual fund distributions in cash this has now increased the size of my cash area from about 20% to 25% due to strong year end mutual fund distributions received thus far in December. When January arrives I will review my portfolio's asset allocation mix and decide where to invest this recently received cash ... if anywhere. For now ... though ... I sit and I watch. This is mostly due to extended stock and bond market valuations and the current investment climate. One of the hardest things for me to do as a retail investor has been to just (plain old) sit and do nothing. But, I have learned, through the years, that sometimes this turns out to be one of the best things to do. My top producers (this quarter) have come from the growth & income area of my portfolio. Most likely when I start to buy it will be in the G&I area as it holds the value and the equity income parts of my portfolio. However, for now, Old_Skeet is thinking that a stock market swoon is on the horizon. I'm also thinking that a good ten percenter might not be far off. Perhaps so ... Perhaps not. But, when the swoon does come (and in time it will) I will have some extra cash to spend with a buying plan in place.
Again ... for now ... I sit, remaining invested within the confines of my asset allocation of 20/40/40 (cash/bonds/stocks) while I ponder what to do with recently received cash (if anything) which now has me cash heavy by about 5% from my neutral weighting of 20%.. An option ... Short term, I could target cash at 25% and do nothing.
Of Investment Interest
Due to most investment and news sites now requiring sign in passage to read their articles and with it getting harder to find good content that can be linked without sign in requirements the Articles of Investment Interest Area is no more. I am pondering some ideas; but, as I write I have not yet decided what the content will be. This space may become a floating feature area with something of good investment interest posted each week.
For Starters ... This week feature keys on Consuelo Mack's Wealth Track Site
Great Value Investor Bill Miller Discusses His Core Holdings Winners And Recent Promising Additions (Part 1)
https://wealthtrack.com/Old_Skeet's Favored Reference Links
Stock Proxy S&P 500 Index ETF (SPY)
SPY Short Volume ...
https://nakedshortreport.com/company/SPYSPY Breadth Reading ...
https://stockcharts.com/h-sc/ui?s=$SPXA50R&p=D&b=5&g=0&id=p25768973625SPY Yield Chart ...
https://stockcharts.com/h-sc/ui?s=!YLDSPX&p=D&b=5&g=0&id=p75520805591SPY Price Chart (Elder Ray System) ...
https://stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280SPY T/A Opinion ...
https://www.barchart.com/etfs-funds/quotes/SPY/opinionBond Proxy Aggregate Bond ETF (AGG)
AGG Short Volume ...
https://nakedshortreport.com/company/AGGAGG Yield Chart ...
https://ycharts.com/companies/AGG/dividend_yieldAGG Price Chart (Elder Ray System) ...
https://stockcharts.com/h-sc/ui?s=AGG&p=D&b=5&g=0&id=p07044822535AGG T/A Opinion ...
https://www.barchart.com/etfs-funds/quotes/AGG/opinionWishing You a Christmas Season Filled with Warm Moments and Cherished Memories.
Old_Skeet
