Transcript:
Tom Vaughan:
Hello everybody, welcome to Thursday. The S&P 500 was up .42% today. All-time high record again. NASDAQ hit an all time record again today, very hot market. I think it’s important right now to kind of identify some of the things that are really leading this market. Between the middle of February and really the beginning of October, there hasn’t been any leadership that I can see. Things have been rotating so quickly through. The overall market’s done well. We’ve been invested in the overall market because of that. But we’re starting to see some leadership here that seems to be pretty persistent. And it’s very similar leadership to what we saw last year. November, December, January, all the way through halfway through February was really one of the best runs I’ve ever seen; Clean Energy, technology, genomics, etc, those types of things.
And we’re seeing the same type of thing. So we’re seeing some big tech companies like Tesla, Nvidia, Microsoft make really big moves in this particular upturn. We’re seeing Clean Energy as a whole do really well, electric vehicles doing well. And we’re seeing cloud computing, etc, really moving. Cybersecurity is another one that’s been doing quite well here in this recovery. And so, these are things that we’re really doing well up to the middle of February, and then you know, kind of really bottomed out and fell down some from those highs, and now they’re all starting to make a really nice recovery.
And so there’s been some momentum, some people jumping in. We made some changes to the portfolio this morning, just to jump into some of those trends and see how that goes. We still own a lot of those pieces in our trust accounts, because we had big capital gains, we had to kind of sit on and, and not sell to take the big gains. And that’s worked out well as they start to recover now.
So really fascinating, we’ll see if it continues. But it looks really good right now. And one of the things that has happened is we’ve seen companies like say Apple, which I love, but it hasn’t participated as much because it’s having some trouble in this environment, whereas a company like Microsoft and Tesla, which seems to be able to deliver their cars in this environment quite well have done really well. So there is a little bit of a dividing line going on right now. And what that does do as it kind of focuses some of that money on fewer companies, a little bit like what we saw during the pandemic, for those companies that can operate in this environment.
So we’re looking at supply chain issues, and labor issues and potential inflation issues who can do well, and that’s what we’re seeing. We’re seeing those companies really start to gather money and start to move right now. So we’ll see if that continues. It’s a little bit early, but it’s very strong, and very, very clear as to where this money’s going right now.
So, very exciting actually, because these are areas that I really do like. And I think that you know, they’re really the future of this country and the future of the investing world. So I hope they continue to do well. So anyway, that’s what’s going on right now. Look forward to talking to you tomorrow. I got my Talk Money with Tom show; I’ll do my summary. You can ask questions and what have you. So if you get a chance, join us from 12:15pm to 1:00pm and I’ll see you then. Thank you very much.