I fall a bit behind the rally. My trading account is up 17.2% for calendar 2023 vs. 18.2% for SPY. QQQ is the mega-star, up a stunning 41.1% for the year. Those that got scared and moved to in money markets, CDs are up around 2% to 2.5% for the year so far.
Here are a few ETFs, year-to-date, dividends not included:
QQQ
Nasdaq 100 41.1%
SPY SP500 18.2%
IWM
Russell 2000 11.5%
GLD
gold 7.4%
EEM
emerging mkt 6.4%
TLT
US20 yr 3.1%
SLV
silver 2.5%
Again, my trading account up about 17.2%. The minor pullback led by NFLX and TSLA looks to be a healthy pause, not the end of the road. I don’t have my ear to the ground as closely as I used too, but I haven’t heard or seen any real red flags to signal the end.
Five or ten percent corrections can happen at any time. Especially with QQQ up over 40% for 2023. These are likely to be shake outs, dips to be bought, not the end of the current bull run.
I will be traveling next month, so trading activity may be even less than slow summer movements. AI is real. It is likely to be a game changer. Virtually every company is looking at AI and how they can improve their operations with more technology.
As with any big new inventions, there will be winners, losers and disruptions. Those on the short end of the stick may suffer. If enough people suffer, social and political upheaval may occur.
