Transcript
Hello, everybody, welcome to Monday. Well, unfortunately, today the S&P 500 was down almost 1.2%. But there was some good news today, we saw a big bounce off of the biggest support level that we’ve had in the last 12 months. And the market ended up very nicely. At the very end of the day, we also saw that with some of the holdings that we have, so Apple was down one point bounced, ended up 3%. Software as a targeted index was up 1.8, innovative technology 1.7, Microsoft ended up 1.1, cybersecurity .8. So those are good signs.
I think we have some volatility in our future, because we have broken through some of these, you know, support levels, they now become resistance, we’ve got a break back through them, combined with obviously the political environment and all the other things that are happening here, you know, even with the virus in Europe, and what have you. So lots of things for the market to think about, but pretty happy with some of the results. I spent the weekend looking at what would have happened, you know, in terms of investments from the third of September to Friday, so the peak was the second of September, what could have we been in to make money? Well, there wasn’t much was really just emerging markets was the main category, and not a lot of gain there. So we’re kind of in the right spots.
Last week, you know, for the most part, we made more money than the market, even though we lost, we lost less, that’s not a bad thing. And I do think there’s still some strength there. One of the things that’s happening with the stimulus package, which is a really big deal, theoretically doesn’t impact these technologies and advanced healthcare companies, because they’re already making money right? Now, some of them are making more money because of the virus.
But if they don’t put as a stimulus package, is the economy strong enough to help the rest of the world? In this case, you know, these other industries and unemployed? And if not, then we could have a kind of a contagion effect where it starts to affect the other side. So that’s what we’re watching for right now. We did see some deterioration on the weekly data, really, for the first time for the S&P 500.
This week, so something to watch for, and you know, we’re prepared for those things as far as that goes. And so altogether, you know, we’ll have to wait and see wasn’t a terrible day wasn’t a good day, you know, we’ll see what happens all as far as that goes. I am announcing a new concept called lunch with Tom, I am so much enjoying my conversations with the clients and everybody’s kind of locked into place. So I’m setting up a little zoom conferences with just like five households at a time. And we’re going to have lunch delivered by Doordash. So you can eat with me and ask questions and just, you know, have some fun. As far as that goes, a little bit of socialization. We have this great community of really, really great people that I’d love everybody to kind of get to know each other a little bit. So watch for that. That email is going to be coming tomorrow morning. It’ll probably fill up pretty quickly. But I look forward to talking to you tomorrow. Thank you very much.