Sector Performance Update, with Special Dollar Comments

Here is the sector table updated through last Friday. Note the sectors listed as Biotech, Solar, EV, and Chips make up 80 % of our portfolio. Looking back to when the bottom of the market started on May 11, 2022 it does make sense that the sectors related to the Climate Change Initiative would show better performance going forward, especially since the inflation top on 6/6/22.

Now traders are mired in the question of whether the final bottom of the overall indexes were actually seen on June 16 or whether we will see new lows. I am still of the Opinion that June 16 was it. Will find out this week whether that is correct or not. I do note that the overall indexes are burdened with a lot of crap carried over from when the bubble was being created in 2020 and 2021.

       Daily update – sorted
 inflation end to current date 
   
 6/6/22 to 9/23/22 
 % Perf 
BIOTECH22.78
DXY8.47
SOLAR6.82
EV0.15
FANG(0.52)
Banks(1.14)
SHY(2Y)(1.61)
RETAIL(1.92)
IEF(10Y)(3.85)
NDQ(4.41)
HYG(junk)(4.63)
SPX(5.30)
SPX+(5.53)
ARK+(5.71)
MEME(6.78)
TLT(30Y)(7.12)
AG(9.73)
comp(10.31)
GOLD(12.14)
T&E(15.00)
CHIPS(16.05)
CRB(17.85)
WB FG(19.35)
BTC(20.93)
INFR(26.61)
USOIL(34.04)

Back on May 19, 2021, see archives, we outlined a view of the dollar and put a red circle on the chart in the 113 to 119 area as an objective.

Here is that chart updated with today’s early action. We are there.

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