How did your investments do this week?
The S&P closed down for the week! Barely. An exclamation mark probably doesn’t warrant that statement since the S&P was basically flat for the week and only lost -0.4%. For the year, the market’s performance is still a nice 6%.
The big news this week… Professor Robert Kelly shows us how to stay professional during his live BBC interview when his children walk in.
The other big news this week was the monthly jobs report.
Friday’s report showed solid gains for Trump’s first full month in office. Nonfarm payrolls added 235,000 jobs in February compared to analyst estimates of 200,000. This positive jobs number increases the likelihood of a rate hike after next Wednesday’s FOMC meeting.
Russell 2000 vs S&P 500
I’m still watching these two indices closely. As you can see, the small cap index is continuing to lag the major index. As I noted in my weekly recap a few weeks ago, this could imply a turn in the market.
This is my weekly post of my balanced, buy-and-hold investing strategy of leveraged ETFs. For the week, my account was down -3.3%, dropping my YTD total to +7.0%. This week’s drop in performance is attributed to my allocation in TMF. An increasing rates scenario does pose some risks to my portfolio. Year-to-Date TMF’s performance is -4.8%. For now, I will stay the course.
Disclosure: Performance data is as of the date of this posting. The views expressed on this site are personal opinions only and should not be construed as financial advice. I accept no responsibility for any investment decisions the reader makes.