Transcript
Well, hello, everybody, welcome to Wednesday. I want to thank everybody that came to lunch with Tom today. Really good time. Really enjoyed it. Looking forward to the next few Wednesday’s here also, unfortunately, today, the S&P 500 was down almost .7%. I guess the good news for us is that most of our targeting indexes, and even some of our broad indexes did better than that. A few did worse, but most did better. And we even had some positives today, again, just like yesterday, clean energy indexes, the two that we have one was up 1.2%. The other one was up .8%. Really happy with that, as far as that goes, they continue, you know, to have their run.
The Smart Mobility index, which we haven’t talked about before, was up 1.1% today, which isn’t, you know, a huge run, but pretty good for a down day. And so Smart Mobility index is looking at autonomous vehicles and the technology that goes with that drones, drone technology, advanced transportation tracking, optimization systems for transportation. And so really fascinating area, big future there, State Street says that there is a $1 trillion marketplace there for this area. It’s a little ways off, but it’s already being used in delivering of medical supplies, delivering food, and even transporting people in some situations. So and of course, the software and semiconductors are one of the driving forces behind this. So they get kind of connected in to a very good theme for this particular piece of our portfolio. We haven’t had it long, we just bought it, you know, last Monday about a week and a half ago.
So but I also look for trend. You know, there’s lots of themes that are have great themes and nothing’s happening. They’re just sitting there, they’re underperforming. So I want to see some over performance over the last nine months. This particular index is up over 30% over the last nine months, according to Morningstar. And the S&P 500 index that we use was up a little bit over eight in that same timeframe. So that’s showing good relative strength versus the market, which I really like. And so obviously, there’s some interest in these particular companies. And this particular index was created very uniquely, there are a couple companies out there that are using artificial intelligence, and machine learning to go out and look at SEC reports and find these companies that are kind of connected together. And then they use those to create this index. And I keep seeing the companies that are using this methodology at the top of my list.
And so I’ve been doing more and more research there. And we own quite a few of these now. They seem to really be working quite well. So I’m excited about that. So that’s what’s happening today. Definitely stimulus package is bouncing around is making the market bounce around. We’ll have to see how that plays out. But I look forward to seeing what happens tomorrow, and we’ll talk to you then. Thank you very much.