SPY is now break even for the year. I have a positive month, up nearly 5%, self grade Grade B-. My come back from my devasting March loss continues. For the year, it is still a dismal -46% for me (a -67% loss was max drawdown).
Here is the year to date ETF tracking
TLT 23.1% US 20 year bonds
QQQ 22.0% Nasdaq 100, mostly tech
GLD 19.0% gold
SLV 12.3% silver
SPY 0.0% S&P500 US large cap
EEM -4.7% Emerging markets equity
IWM -11.7% Russell 2000 US small cap
QQQ continues to roar ahead, despite a minor correction this past week. Silver running higher. SPY to break even, my account -46% ytd, as already noted.
The parabolic rise in some stocks such as TSLA AAPL AMZN had me covering sold calls for big losses.
I continue to keep a lot of dry powder on hand, with 60% buying power in reserve at most times. There feels like a disconnect between Main Street and Wall Street. Maybe Wall Street is looking past the immediate numbers.
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