Copied From the Big Bang Investing Board and edited for posting on the MFO Board.
This briefing is for the week ending November 12, 2021.
The Index Review
The major market indices finished down for the week. The Dow Jones Industrial Average gave back -0.63%%. the S&P 500 Stock Index declined -0.31%, the Nasdaq Composite was down -0.69%% while the Russell 2000 Small Cap Index lost -1.04%. The three best performing major equity sectors for the week were materials +2.60%, health care +0.72%, and industrials +0.48%. The widely followed S&P 500 Index closed the week with a dividend yield of 1.27% while the 10-year US Treasury bond's yield was listed at 1.57%. Year to date the S&P 500 Index is up +24.67%.
Global Equity Compass: For the week my three best performers in my global equity compass were FXI (China) +5.29%, BKF (BRIC Countries) +3.55% and EWZ (Brazil) +3.04%.
Fixed Income Compass: For the week my three best performers in my fixed income compass were SHY (1-3 Yr US Treasuries) -0.24%, HYG (Corporate High Yield) -0.74% and AGG (US Agg Bond) -0.78%.
Commodity Compass: For the week my three best performers in my commodity compass were SLV (Silver) +4.79%, GLD (Gold) +2.71% and DBA (Agiculture) +2.49%.
Producer Compass: For the week my three best performers in my producer compass were GDX (Gold Miners) +6.17%, SIL (Silver Miners) +6.07% and XME (Metals & Mining) +4.28%.
Currency Compass: For the week my three best performers in my currency compass were UUP (US Dollar Bullish) +0.87%, FXB (British Sterling) -0.51% and FXY (Japanese Yen) -0.60%
A Blurb About Old_Skeet's Portfolio: Thus far, I am up 6.28% in my spiff (special investment) position which I opened back in September. Since, this spiff is invested in Voya Corporate Leaders 100 Fund (VYCAX) I have no plans to add to it until after it makes it's annual year end distribution estimated to be in the 6% to 8% range. I will be building cash during the most part of the 4th quarter while being fully invested within the confines of my portfolio's (20/40/40) asset allocation (cash, bonds and stocks). I will rebalance, if warranted, during the 1st quarter of 2021.
Articles of Investment Interest
US STOCKS-Wall Street ends higher with boost from big techhttps://www.reuters.com/article/usa-stocks-idUSL1N2S323Z
NY Fed Releases First Monthly Bond-Buying Schedule Reflecting Taperhttps://www.reuters.com/article/usa-fed-purchase-schedule-idUSKBN2HX2D3
Is Cash a Good Low "Risk" Hedge?
Ooops ... Link to ZeroHedge article removed for briefing posting on the MFO Board.
Old_Skeet's Favored Reference Links
Short Volume S&P 500 Index ... https://nakedshortreport.com/company/SPY
Breadth Reading ... https://stockcharts.com/h-sc/ui?s=$SPXA50R&p=D&b=5&g=0&id=p25768973625
S&P 500 Chart, Elder Ray System ... https://stockcharts.com/h-sc/ui?s=SPY&p=D&b=5&g=0&id=p20881173280
T/A Stock Opinion, SPY ... https://www.barchart.com/etfs-funds/quotes/SPY/opinion
T/A Bond Opinion, AGG ... https://www.barchart.com/etfs-funds/quotes/AGG/opinion
Thanks for stopping by and reading; and, I wish all "Good Investing."