Transcript
Hello, everybody, welcome to Tuesday, the S&P 500 was down today, .6%. Now we had a great run last week, a really good day yesterday. And it’s probably taken a little bit of a breather today, really kind of a slow day altogether. But probably the biggest surprise to me and looking at everything today, you know, the NASDAQ and the Dow and the S&P 500 indexes, these are the three big indexes that are followed, you’ll see them in the news all the time, they were all down today, at least a little bit. And yet, we had 17 of the indexes that we use in our portfolios that were up today, which I thought was kind of surprising altogether, that’s a fairly big number for for a down day that we had some of our indexes that were down, no doubt about it.
But it was a surprising number that were up and they were up a lot. So innovative technology and online retail and advanced healthcare rough 1.3% today, which is great in a down day, one of the clean energies and extended duration Treasury were up 1%. Treasuries as a whole did really well today, really good piece to have in the portfolio today. And then, you know, cybersecurity and software, for example, were .8% each also. So, you know, it’s one of those days that if you look at your account, you see that markets are down, you might find that your accounts are up today, that won’t be true for everybody. But we did pretty well today, I was pretty pleased with what’s happened. And, you know, a lot of it is just again, you know, we’re in the right spot, where the money’s coming in innovative technology, for example, is still going to be needed here in this environment, or any environment that you can come up with, actually. And so there was some, you know, disappointing news about some of the vaccines and there’s, you know, back and forth going on about the stimulus package, and all these different types of things that are happening out there, but money still flowing into the stock markets.
And a lot of the things that I see, you know, have been happening, I will say maybe there’s a chance here for some more volatility, you know, it’s it’s getting close, again to the all time highs on these indexes. And you know, the election is approaching and those types of things too, so I could see some, you know, movement up and down here before we really start to go but really not a bad day, actually for a down day. So let’s see what happens tomorrow. did not see carry through from the big tech companies today. Apple was down for example, after its big day yesterday, but it’d be interesting to see how that plays out this week. Look forward to talking to you tomorrow. Thank you.