Transcript
Hello, everyone, welcome to Wednesday, we have a pretty good market today, S&P 500 was up .8%, it jumped up again and is trying to move into the new all time high territory, a lot of resistance above the price right now. So it’s going to take a little while if it is going to do that. But we also have a lot of support below the price. So that that’s, I think we’re going to be okay, as far as that goes, let’s see what happens. But one of the things that’s happening overall in the market is that your investments are either called kind of on the highway really moving and going the right direction, or they’re not, and they’re on some little dirt road, it’s a really rough ride. And it’s a little bit more narrow than normal because of the pandemic. And a good example DocuSign, a company we use, that basically allows you to sign documents electronically, especially legal documents, and those types of things. We use it in our practice. And obviously, with the pandemic, everybody has been forced home and they’re starting to use DocuSign. A lot. DocuSign is up 167% so far this year.
And it is in our innovative technologies targeted index, which is a piece that we just added some more to and it was up 2.9% today, which is a lot more than the .8 that the S&P 500. So that’s there on the highway, definitely. And so you know, just want to make sure that we have plans for when the highway starts to curve or broaden or even narrow further and those types of things. Because one thing I’ve learned after 34 years of managing money here is that things just don’t stay, you know, the way that they are forever, I have a process. It’s working, I’m using relative strength, I’m only picking from the targeted indexes that fell less than the market in the downturn. All of those things are working really well better than I’ve ever seen, you know, in my career. But I also understand that it doesn’t last forever. So we will keep watching that. And we do have some plans for what to do if things curve. And so I want to thank you very much for listening today and I look forward to talking to you tomorrow. Thank you.