Transcript
Hello, everyone, Welcome to Tuesday, we had another update today, ever since we broke through the range that we’re in for a really long time and then finally got through the 200-day moving average, we’ve been marching up at a fairly even pace, which was what we kind of expected to happen once I got through the 200-day moving average, today was a pretty strong day. The one thing that’s really interesting to see that’s happening, if you look at the S&P 500, there are 11 different in industry categories, technology, utilities, energy, etc. And if you look at those 11, the ones that lead on the downside, healthcare, consumer staples, technology, etc, are no longer the ones that are leading here on the upside.
So we’re now seeing energy, and retail and consumer discretionary. And they’re doing better than the market right now. Technology is still hanging in there. And we have a pretty good section and technology. The problem with chasing after those is that they all did worse in the downturn. And so I really want to stay a bit more conservative here. We’re still outpacing the market, because we have a couple of areas that are doing well. And I don’t want to chase after these other areas and then have the market fall and have those things fall farther again.
Everything in the portfolio right now fell less than the market when the market was coming down, and has had a decent bounce not as good as the others. Consumer staples is the one area that’s probably it’s underperforming the most matter of fact, in the last month, it’s blast out of those 11 categories. And so you know, it’s still a nice defensive area to be in. And I’m going to keep that for now. And so that’s what’s happening at this point. And I thank you for listening and I look forward to talking to you tomorrow. Thank you.