PFE - Dividend Harvesting Portfolio Week 170: $17000 Allocated $1515.47 In Projected Dividends

2024-06-06 09:00:00 ET

Summary

• The Dividend Harvesting Portfolio generated over $100 of dividend income in May, with a return on invested capital of 14.14%.
• The portfolio's diversification helped stabilize market conditions, with a 1.45% growth in profitability despite market declines.
• Dividend income from various investment baskets, including equities, ETFs, REITs, CEFs, BDCs, and treasuries, contributes to portfolio growth.

This was another interesting week as we get closer to the June FOMC meeting. The US core PCE index increased by 0.2%, which was lighter than the consensus estimate of 0.3% in April. This can certainly be looked at as positive, as it's the slowest increase in MoM in 2024, and the last time PCE increased by 0.2% was in December of 2023. The Fed pays close attention to this metric because it takes consumer spending into consideration, whereas CPI is often looked at as a cost of living fluctuation. This is a light week for economic news as we will get non-farm payrolls and the unemployment rate on Friday, the 7 ^th, before heading into the CPI print and the FOMC meeting the following Wednesday, June 12 ^th . The market sold off a bit this week as the S&P 500 slipped -0.63% and the Nasdaq declined by -1.53%. CME Group has basically eliminated the probability of a rate cut in June, with a 99.9% chance of rates remaining where they are. While tech is still front and center, I anticipate that we could be in a rocky environment over the summer for sectors such as real estate if Fed Chair Powell isn't as dovish in his commentary as he was last month. No matter what happens, I will buy and add to the positions within the Dividend Harvesting Portfolio....

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