CA - Dividend Harvesting Portfolio Week 158: $15800 Allocated $1398.55 In Projected Dividends

2024-03-14 09:00:00 ET

Summary

• The markets were relatively flat this week, with a slight decrease in the S&P and a larger decline in the Dow.
• The Dividend Harvesting Portfolio continues to perform well, with a record week and a profit of 9.88% on invested capital.
• The portfolio is focused on generating continuous income while mitigating downside risk and is on track to reach $1,500 of forward dividend income before summer.

This was another interesting week in the markets. The S&P 500 was basically flat as it decreased by -0.03%, while the Nasdaq declined by -0.95%. We're less than a week away from the upcoming Fed meeting, and CME Group is projecting that there is a 97% chance that rates will remain unchanged. Fed Chair Powell testified on March 7 ^th that the U.S. Central Bank was not far from gaining the confidence it needs from inflation data to begin cutting rates, while President Biden predicted that the Fed would move to cut rates sooner rather than later. After listening to Fed Chair Powell's testimony on The Hill, I think the upcoming Fed meeting will be a mixed bag, where Chair Powell will signal they are getting closer to beginning the cutting process but will be watching the economic indicators closely and will act accordingly. This will give the Fed the cover they need to march to their own beat and leave the door open for an increase or a pause during the cutting cycle if needed. I still believe our first cut will come at the May or June meeting and that we're in the early stages of a multi-year bull cycle....

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