V2 Model Oct. 29, 2022 CHANGE

Will the Fed, Elections and Seasonality Push Us Higher?

October 29, 2022

Recap

It was, generally speaking, a strong week for the stock market. Mega cap stocks, which have been looked at for so long as highly robust, fell off sharply as earnings news rolled in this week. Apple (AAPL) was a rare exception among the tech giants, trading up after reporting quarterly results. Meta Platforms (META), Alphabet (GOOG), Microsoft (MSFT), and Amazon (AMZN) all suffered heavy losses on the heels of their respective earnings reports.

There is a growing belief among market participants that the Fed will soften its approach after the November meeting. The policy move from the Bank of Canada this week further fueled this notion.

The V2 Model Portfolio was down very slightly this week. We continue to outpace our benchmark of the SP500 by over 20%. We will make a V2 Portfolio change during Monday's session.

Performance This Week / YTD

V2 -.09% / +3.23%

SPY +3.94% / -17.15%

Subscribe to Premium to read the rest.

Become a paying subscriber of Premium to get access to this post and other subscriber-only content.

Already a paying subscriber? Sign In.

A subscription gets you:

  • • Current VIG Portfolio! (We Use Common ETFs.)
  • • Access KIAM our automated , AI, algorithm in Composer.
  • • Weekly Recap, Performance, Market Notes and Informative Charts!
  • • Totally Transparent. V2 Is Easy to Follow. Simple to Use.