Stock market is closed for Good Friday. Happy Easter for those who celebrate. Markets tried to rally, but the rally has failed. The long term chart on SPY might be interpreted as ominous. I suffer minor losses for the month, now down -3.7% for the year.
A few bright spots are tiny positions in CHV XOM TWTR HPQ. The big stinker for the calendar year remains FB (Facebook aka Meta).
Here are some ETFs:
SLV silver 9.9%
GLD gold 7.7%
EEM emerging mkt -7.1%
SPY SP500 -7.8%
IWM Russell 2000 -10.6%
QQQ Nasdaq 100 -14.9%
TLT US20 yr -18.5%
My trading account -3.7%. Not great but my head is above water. Some chastised me for lagging the indexes in the up year 2021. It goes both ways, lower risk tends to mean lower rewards. An exception in 2022 is bonds. Actually much worse than stocks so far for 2022. Precious metals are leading after being laggards for 2021.
It is difficult to accumulate wealth investing in precious metals. They are more about preserving wealth. Wealthy Russians with physical metal have something. Those with stocks, bonds, real estate, yachts, sports teams, have seen much of their wealth taken away. I suggest a tiny allocation to physical metals for those with substantial wealth (2 to 3 percent for those with substantial wealth). One shoe box full of gold might be enough to start life over, if all else is lost.
Investors as tracked by the AAII are bearish. Some may see this as a contrary indicator, however, the old heads that tend to be AAII members were bullish for much of the long up move.
As always, predictions are for entertainment. I continue to trade cautiously, and take tiny positions in special situations such as Twitter TWTR or Hewlett Packard HPQ.
