Transcript
Hello, everybody, welcome to Monday, on Friday on my video, I put out a whole list of all of the reasons why I think the market is going to go higher. And maybe they listen today is that green shirt day, the S&P 500 was up, you know, over 1.6% today, which was really exciting, lots of green on the charts. And probably the big story of the day was really just technology.
Back in early September, technology started to underperform. And it’s been underperforming the market ever since. And then today, we had huge moves, especially in the big names, Apple was up a whopping 6.4% today alone, which is an amazing move for a big company like that. And so I think what a couple things are happening, number one is we’re getting closer to earning season. And these companies are probably going to have some pretty good reports they did before matter of fact, they’ve had record earnings and record revenues coming through this year. And I don’t see a reason for that to stop as far as that goes here, at least in the short term. And so that we’re starting to see maybe some movement from that. And then secondly, you know, the stimulus package is now again stalled. It’s gone back and forth. It’s like watching a tennis match.
But the you know, these big companies don’t need the stimulus money. And so when the stimulus looks like it’s coming, all of a sudden, you see all these companies that need it doing really well. And then it doesn’t come and they fall apart. And the money starts coming back into those companies that that don’t really need that. So again, I think one of the keys to success here in terms of making money is you know, you always have your broad exposure, like we own the entire S&P 500 in a lot of our portfolios, but in that targeted exposure, just make sure that you’ve got, you know, enough bases covered, so that you don’t end up with huge holes in the portfolio. And so that that’s really helped a lot as far as that goes.
So I am interested to see if this move in technology today is sort of a one time thing or is this another trend where that starts to run again. So looking forward to seeing what happens tomorrow, and we’ll see if this continues or not talk to you then thank you very much.