Stock Superstars Report: November Portfolio Changes and Update

This month there is one portfolio deletion and one portfolio addition for the SSR tracking portfolio. For more information on this month’s portfolio changes, read the November SSR Monthly Report. October Market Recap The U.S. stock market kept churning away in October as the “Trump Trade” nears its one-year anniversary. Strong corporate earnings, global growth…

 

Second-Quarter Earnings Season Underway for SSR Portfolio

This week the second-quarter earnings season kicked off for the stocks in the SSR tracking portfolio. This marks the period when companies report their earnings for operations that fell primarily within the second calendar quarter of the year, although not all companies are reporting results for their second fiscal quarter. Only two of the 36…

 

Stock Market’s “Fear Gauge” Hits 23-Year Low

A lot was written and talked about the CBOE Volatility Index, or VIX, this week. On Monday, it closed at 9.77, its lowest level since December 1993. This followed Friday’s close by both the S&P 500 and NASDAQ Composite indexes at new all-time highs. In addition, this was the first time in over 10 years…

 

Weaker-Than-Expected Car Sales Have Ripple Effect for SSR Portfolio

Car sales fell unexpectedly in March, boosting fears about bloated inventories and pricing pressure in an industry that many see as a key driver of the U.S. economy. This also reignited concerns about a subprime auto-loan bubble. Automotive industry analysts were expecting automakers to report increased sales in March compared to a year ago, which…

 

April Changes to SSR Portfolio

We have posted our monthly changes to the SSR tracking portfolio. For more information on this month’s deletion and addition, read the April SSR Monthly Report. March Market Recap With the fourth-quarter earnings season all but finished, and with the consensus that the Fed won’t be raising interest rates again until at least June, investors and traders…

 

Trump Issues Ultimatum on Health Care Reform as Legislative Agenda Hangs in the Balance

U.S. stocks turned in their weakest weekly performance since before the November presidential election. The S&P 500 saw its first move of more than 1%—up or down—since December 7 and notched its first daily decline of more than 1% in 110 trading days, dating back to October 11. The SSR portfolio saw its poorest weekly…

 

The Fed-Trump Divergence

To the surprise of almost no one, the Federal Open Market Committee (FOMC) announced that it raised its benchmark interest rate by 25 basis points (0.25%) to the range of 0.75% to 1.0%. This was the third interest rate hike in a decade, but the second since December. This seems to signal that the Federal…

 

Dow 21,000 Reached in Record Time

Just seven weeks ago in this column, I was discussing how the Dow’s inability to cross the 20,000 barrier had reached historic proportions. At that time, the Dow had traded within 1% of the 20,000 mark for 23 days. Eventually, it took 30 days after getting within 1% of 20,000 for the Dow to crack…

 

March Changes to SSR Portfolio

We have posted our monthly changes to the SSR tracking portfolio. For more information on this month’s deletion and addition, read the March SSR Monthly Report. February Market Recap The momentum of U.S. stocks that took hold in the aftermath of the November election continued onward in February. Through Friday’s close, the iShares DJ U.S. ETF…

 

February Changes to the SSR Portfolio

We have posted our monthly changes to the SSR tracking portfolio. For more information on this month’s deletion and addition, read the February SSR Monthly Report. January Market Recap With only two trading days remaining in the month, U.S. stocks are on pace for their best January in four years. Through the close on Friday, January…