Transcript
Hello, everybody, welcome to Tuesday, the S&P 500 was up a grand total of .04% today. And it seemed like kind of a quiet day, but actually for the positions that we have in our portfolios, we had quite a few do quite well. The Clean Energy had a good day today kind of makes up for yesterday. And online retail did really, really well in innovative technology did well today also, so saw some good movement into some of the pieces that kind of underperformed yesterday, all of those pieces did fantastic last week, again, last week was probably the best week of my entire 35 year career. And so very happy with what happened there, if we can just kind of maintain those.
But I did want to kind of show something here, because I think it’s important to understand how these investments kind of run and then stop and build a base and such to so let me let me show share a little chart here with you that might help explain. Now, this is ARKG, which is the Genomics Revolution piece, we’ve talked about this in the past, this is the price in the last 12 months. And you can see what happens, you get these big run ups. And then you get this kind of sideways motion where it builds a little bit of a base, and then another run up another base or run up and a base run out base, et cetera. So right now we’re building a really big base a little bit, you know, up and down. But we had this big run before that. So that’s a normal part of the process. And so the reason I’m showing you this, because if you look at the Clean Energy components that we have in the portfolio, they’ve had this unbelievable run up.
Now, this was a whole lot of excitement about what happened in Georgia, with the democrats possibly being able to push some money out into clean energy projects. And but what you’re going to probably see, as you’ve seen here, again, run up, and then we have this kind of consolidation, and then eventually another run up, I would suspect here that you’re going to see this kind of settling in, because generally speaking, just kind of gets ahead of itself. And there’s just so much enthusiasm, and we’re seeing a little bit of a base being built right here in the last four trading days. So that’s not an unusual pattern. And I think that’s what’s going to happen here. works out great, it doesn’t mean that things are bad, or what have you, things are actually really good, you know, the money still seems to be going towards the areas that we’re interested in as a whole.
So let’s just kind of keep things going. So very good day today for us. And looking forward to some more good days coming up here. Again, you know, the the three pieces with the vaccine and pent up demand and the interest rates are all holding up pretty well. I think the thing we’re going to be talking about quite a bit here is the possibility of additional stimulus. And you know, whether they impeachment impacts that or you know, however these go down, I think that’s going to be the topical news that has the most impact on the stock market right at the moment will really be the factoring of the potential for another stimulus package.
So let’s watch for that. Nothing’s happening there right now. And that’s what they’re talking about. The impeachment might be kind of, you know, derailing some of the thought process. It’s part of that part of the way it goes. But it’s definitely watch for what’s happening there. And then, of course, how the vaccines going, the articles that I’m reading seems to be going pretty well. So far, at least in terms of the distribution, slow but getting there and picking up as we go. But in terms of you know, the wild side effects that might have happened, they seem to be you know, fairly rare. And that’s that’s a big one. So hopefully this, this continues and we can get back to normal and the market can kind of get going and really we can start to you know, do some things that we weren’t able to do for a while. So look forward to talking to you tomorrow. Thank you very much.