V2 Model January 21 2022 CHANGE

Earnings! Wait for it!

January 21, 2023

Recap

The rebound effort to close out the week had the Nasdaq Composite recoup all of its losses while the S&P 500 and Dow Jones Industrial Average put a nice dent in their weekly losses. The S&P 500 was able to climb back above its 200-day moving average by Friday's close but remains below the longer-term downtrend.

Only three S&P 500 sectors were able to log a gain this week -- communication services (+3.0%), energy (+0.7%), and information technology (+0.7%) -- while the industrials (-3.4%), utilities (-2.9%), and consumer staples (-2.9%) sectors suffered the steepest losses.

The V2 Portfolio was down slightly this week.  We will make a change during Monday's session.

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