What’s doing well today (8/15)? / What’s on sale?

hank

Nasty across the board. ”Babies with the bathwater” comes to mind.

Foreign stocks down. Domestic down. Foreign currencies down. Bonds down. Metals & miners down. Energy down. Consumer staples down. Berkshire down 1% at last look. A favorite pundit I read keeps saying gold’s gonna “rock” one of these days. Gets a bit stale after 5 years. Still in a slumber, holding just above $1900. Only hold it indirectly through a nat resources CEF.

PS - Bargains galore! Just picked up a non U.S. food conglomerate at a lower price than I sold it for a month or two ago. What’s not to like? Had been a portfolio staple for a couple years. Glad to have had a chance to retrieve it. Generally, I dumped the 2% hedge position today and moved it into equities.

Baseball_Fan

uh, how's Hussy doing? I think I am joking.

But I sure hope the 2-yr is treasury is at 5% in a couple weeks at auction....so I can lock up my monies for a couple years and stop playing around in this casino....

rforno

Meh, still looking, but nothing's hit my buy prices yet. Besides, less than 1% down isn't enough to get me excited anyway .... but it does sharpen the senses a bit, especially if it continues into the week.

WABAC

USFR is up.

PTH has been flirting with signs of life, including today.

Will have to wait a while to see how the OEF's did.

hank

Some of the worst performers today from my watchlist (I do not presently own any of these):

WPM (precious metals miner) -4.13%
DKNG (online gaming) -3.51%
OPGSX (gold miners) -3.07%
PRNEX (natural resources) -1.95%
GRES (natural resources) -1.94%
TCAF (PRWCX clone) -1.12%

My watchlist currently tracks 30 stocks or funds. 29 ended the day in the red. (That includes 5 or 6 bond funds.) Only one on the list, TMSRX, managed to break even. A close runner-up was BAMBX, down only 0.10%

So it goes.

* I also track 3 inverse funds. Of course they were up on a day like this.

Derf

@hank : I was surprised when you said TMSRX was on your list ! Would you buy back into this fund if what happened ?

hank

Derf said:

@hank : I was surprised when you said TMSRX was on your list ! Would you buy back into this fund if what happened ?

Hi @Derf. No, I don’t see myself ever owning TMSRX again. But - Never say “never”. If I were going to go back into a multi-strategy fund it would be BAMBX. Hasn’t shot the lights out either. Moving in would be a defensive move if I felt some other asset I own had gotten overvalued. Not the case today.

It’s not a buy-list. Just a bunch of funds I look at to see how the day is going during hours and how it went at day’s end. It’s true, however, that many are former holdings. That’s because I know a little more about them. It’s also true that I watch some things with an eye to possibly buying at some attractive point. And some are things I sold way too early and so I just whimsically watch them “fly away” …

Thanks for asking!

Baseball_Fan said:

uh, how's Hussy doing? I think I am joking … (Hope) I can lock up my monies for a couple years and stop playing around in this casino....

Good question. I stopped tracking him. But HSGFX gained over 17% in 2022. YTD it is down about 8,5%. Unfortunately, had you held it 15 years, you’d have lost 4.5% annually over that time. (Running in reverse ain’t going to make you wealthy.)

I’m not qualified to say, but my impression is that parts of the U.S. market are grossly overvalued. Not sure the entire market is, however. I lean more toward international equities, so don’t fret much about where the S&P is. Sebastian Page, a very smart dude from TRP, was on Bloomberg today trumpeting the unrecognized value that resides in many U.S. equity sectors. Small cap is one area he mentioned.

Crash

Well! TUHYX and PRCPX down today by just a penny each. Junk bonds. I'd have guessed they'd get schpookulated. Best performers on the day. I note mention of utilities, above. Still looking. I've been watching Euroseas. ESEA. Marine transport. Greece. UP by a penny on this vomit-day.

BenWP

@hank: Page is not the first voice out there talking about upcoming opportunities in small caps. I maintain a healthy exposure to SC, so I hope the predictions come true. I also have been told that some predictions for positive outcomes are contrarian indicators. I have added to a SCV holding recently, FWIIW.

hank

BenWP said:

@hank: Page is not the first voice out there talking about upcoming opportunities in small caps. I maintain a healthy exposure to SC, so I hope the predictions come true. I also have been told that some predictions for positive outcomes are contrarian indicators. I have added to a SCV holding recently, FWIIW.

@BenWP - For sure!

I only half listened to Page. But comes across as bright & convincing. Pick your own poison. I can’t say I have anything directly in small cap or EM at present. But one reason I hold a 40/60 “fund-of-funds” from TRP is that it includes a bit of everything - except the kitchen sink.

hank

Yikes. The 10-Year Treasury sits at over 4.27% late day. Been screaming higher for couple weeks. 30 year fixed mortgages now average over 7%. I think the economy is cooling. A check of a few car dealers online over the weekend showed a respectable / high inventory of new vehicles on some lots, and an occasional discounted price - both rare in recent years.

WABAC

Good day for utilities, and that's about it. Oh, GISYX showed signs of life. But not enough to sell yet.

I am following WABLX for the IRA, and it was only off .25 % for the day.

Old_Joe

"except the kitchen sink"

@hank- I'm glad to hear that, because as I recall your kitchen sink is still pretty new.

hank

Old_Joe said:

"except the kitchen sink" @hank- I'm glad to hear that, because as I recall your kitchen sink is still pretty new.

Yes. And many of my investments went ”down the drain” last year …