Inflation taming, rotation started.

July 15, 2024 Update

The Nasdaq managed to close the week in positive territory but underperformed the SP500. It still looks healthy by all means.

After a positive inflation reading slightly better than expected, there was some rotation from mega-caps to medium and small caps, finally. Below you can see how the equal-weight SP500 (RSP) closed at almost +3% for the week and looks promising.

Also, the 10-year treasury bond yield resumed its downtrend, moving in the right direction.

All in all, the good backdrop for stocks remains.

SECTORS

Because of more solid expectations of rates coming down starting from September, some sensitive sectors to interest rates had a strong week. To be seen if they can continue moving forward (i.e. Real estate, Financials, Consumer discretionary).

PORTFOLIOS

10X LARGE CAP MOMENTUM POT

I was kicked out from FOUR 0.00%↑ for a 6.9% loss. My NU 0.00%↑ order was triggered. Below is what my Portfolio looks like today:

This week I am creating a BUY STOP order for 685 shares of RKLB 0.00%↑ if it touches USD 5.69. First Stop Loss at 4.7 USD

Rocket Lab USA, Inc., a space company, provides launch services and space systems solutions for the space and defense industries.

10X SMALL CAP MOMENTUM POT

Here my Portfolio had a good week and all positions are in the green:

I am not adding anything more to this portfolio as it will be closed as I exit the above positions in the future weeks/months.

This week I’d have added HURN 0.00%↑ from the watchlist below.

WATCHLIST
Below is my shortlist for the week:

That’s all for the week!

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Important: This is not investment advice. Consult a licensed financial advisor before making any investment decision.