- The major indices had their best week since March after having their worst week since January. New highs were recorded on both the S&P 500 and the Nasdaq.
- I continue to hold Invesco S&P SmallCap Energy ETF (PSCE) in my account which was up 10% in the last week and 21% in the last month.
- I think the value/cyclical trade should continue to work for the remainder of the summer - at least. For value stocks, my two go-to investments have been YACKX and VLUE.
- I did add to some of my individual equities buying up some CrowdStrike (CRWD), Spotify (SPOT), Zoom Video (ZM), and Teladoc (TDOC).
- Opportunities today come by fast and you need to pounce. On Friday, I added a few hundred shares of Nuveen Credit Opp 2022 Term (JCO).
For further details see:
YH Weekly Commentary | June 27, 2021