Transcript
Hello, everyone. Welcome to Monday. We had a pretty big day on Friday. And so we’ve had another follow through day today, which is a little bit surprising, sometimes when you get a big jump and the market will settle back down. But it didn’t today, actually, we were up one and a quarter percent on the S&P 500. And that’s a pretty good move and very broad. Again, lots of different things that we’re moving forward, I spent a big chunk of the weekend digging through all kinds of different indexes and looking and I rate everything by you know, upward motion, or sideways or down.
This is one of the strongest markets, I’ve seen, the rotation from things that held up well, down to things that didn’t hold up well, during the downturn has been very, very strong. Very fact, most of the leadership for the past month has come out of indexes and categories that were down more than the market during the downturn. And so we’ve seen this really strong motion upward, it this is a very strong market, when we broke through nine trading days ago broke through the 200-day moving average, we have been up seven of those nine days since then.
So we suspected that there would be some type of a run and we are seeing that lots of things that could come in to create different problems for us as far as that goes. But at the moment, things are really good. I made a few changes to the portfolios, I’m only buying things that did better than the market in the downturn. I really feel like that was a litmus test to show us who might do well in this environment. And those companies that really fell hard if we have another wave could again fall hard again. So I want to be a little bit careful about investing in some of those areas. I’ll continue to kind of steer clear those for the most part. And so I want to thank everybody very much and I hope that you have a great day and I’ll talk to you tomorrow. Thank you.