T - Dividend Harvesting Portfolio Week 154: $15400 Allocated $1360.91 In Projected Dividends

2024-02-15 09:00:00 ET

Summary

• The stock market has seen positive gains this week, with the Nasdaq up 6.52% YTD and the S&P up 5.38%.
• The Dividend Harvesting Portfolio has continued to perform well, generating consistent income and capital appreciation.
• I plan to add more shares to their positions, and I'm optimistic about the future performance of the portfolio.

The markets are continuing to run, as the S&P 500 appreciated by 1.61% this week, and the Nasdaq increased by 2.48%. This earnings season is shaping up to be very bullish for investors, as the Nasdaq is up 6.52% YTD, while the S&P is up 5.38%. The remarks that Jerome Powell delivered at the 1/31/24 Fed press conference have been well received by the markets, and while a higher for longer environment is delaying some sectors from joining the rally, the markets have ultimately gone higher. I think that we're likely to see the first rate cut come in May or June, as I don't feel a March rate cut will occur. In the short-term some of the sectors within the Dividend Harvesting Portfolio, including REITs, may trade sideways, but I think there is a long-term opportunity for long-term investors. No matter what the Fed does, the economy is strong, and GDP continues to expand. I am looking forward to adding more shares to my positions as we wait for the Fed to start its cutting cycle. Until then, I plan on taking advantage of opportunities when I feel they present themselves....

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