Weekly Recap: Trump Bump – March 3, 2017

  • Yum

Is the Trump Rally getting old yet? Just like last week, the market closed higher again this week. The S&P closed to 2383.12 at the closing bell today; making a weekly gain of 0.7%.

The highlight of the week was Trump’s first address to Congress on Tuesday night. To my surprise, he actually sounded presidential. Congress on both sides of the aisle praised the speech and the following day, the Dow Jones Industrial Index breaks 21,000. 

For the month of February, the S&P closed the month gaining 3.7%. Another week gain for the S&P, but another week down for the Russell 2000 index. Year-to-date, the Russell 2000 is still lagging slightly behind the S&P with the small cap index up 2.7% YTD vs the S&P’s YTD return of 6.4%. For the 2nd week in a row, the Russell fell behind the S&P. As mentioned last week, this is an indicator that the rally is showing signs of fatigue.

Camtrading Performance

This is my weekly post of my balanced, buy-and-hold investing strategy of leveraged ETFs. For the week, my Roth IRA was down -1.9%, dropping my YTD total to 10.6%.  Below is my 52-week chart on Motif Investments comparing my performance to the S&P. Check out the monthly performance page.

If you would like to know more about Exchange Traded Funds (ETF) check out this book on ETFs. It doesn’t just teach you about ETFs but also about investing in general. As always, if you want to know more, let me know in the comments or Facebook.

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.

Facebook Comments

  • Yum