Posts

Showing posts from June, 2015

Weekly Portfolio Summary

Image
Last I wrote, I said there was nothing happening this week.  Well, that was both true and false.  I completely forgot about the 2-day Fed meetings that were held and how people were eager to cling to their every word to determine what might happen with rates.  However, in the grands scheme of things, it was virtually a non-event.  The Fed didn't tell us much more than they have been already and people weren't expecting a hike at this meeting anyway.  After that fiasco was completed, all attention immediately jumped to the ever continuing woes with Greece and the "Will they or won't they default" chatter.  In my mind, Greece defaulting does little more than create a period of panic with little actual reason for it.  Maybe I'm being too passive, but as I look at my portfolio, at least, I just don't see the risks.  Stocks will probably get hit regardless, though, and that may create opportunities to put money to work.

Outside of the pending Greece announcemen…

Weekly Portfolio Summary

Image
Another week past and it's been yet another week of sound and fury, signifying nothing as the markets and my portfolio pretty much ended up flat lining.  The turmoil seems to continue as you find yourself running into a few days where the markets are doom and gloom because the Fed is going to start raising rates, and then it's joy and happiness for a few days because the Transports started turning around or Greece and the Euro made some sort of agreement which delays Greece from defaulting for a little while longer.  It's the same turmoil we've seen, based on macro news that may or may not have stock impacts and chatter about the Fed ever since the first quarter earnings season basically wrapped up.  I expect this will continue through the end of the month as markets generally meander.  There will be pockets of good and bad, though.  My job over the coming weeks is to make sure I'm not holding anything that falls into the pocket of bad and make sure I feel comforta…

Weekly Portfolio Summary

Image
Another week past us and it was a rougher one.  June, statistically speaking, is hard on portfolios, as it typically is a month where stocks don't perform well.  It seems this year is starting off with indications it'll be no different.  My portfolio, in particular, took a hard hit as stocks took a serious beating as people prepared for a better than expected jobs number.  On Friday, we got that better than expected number of 280K created.  Wages were also rising, leaving more and more belief that we'll see interest rate hikes this year.  The consensus appears to be during the September meeting.  As people work to price this in and figure out where to put their money, the stock market is likely to continue with its churning.  I can't say I'm ideally positioned for a higher rate market, however, I don't feel I am necessarily caught with poor stocks either.  This will be assessments I need to continue to focus on to determine if I need to make changes.

There's…