V2 Model April 22 2023 UPDATE

Boxed in. Will earnings next week lead us out?

Recap

The stock market had a mixed showing this week. The major indices all registered gains compared to last week's closing levels, but concerns about inflation and Fed policy kept a limit on index performance.

The stock market didn't experience much up or down price action this week. The S&P 500 closed at 4,137 last Friday, then closed at 4,133 this Friday. There was not much volatility in daily price action as well with the major indices languishing along, moving mostly sideways.

Investors were playing a waiting game ahead of a big batch of earnings results next week that will feature reports from some mega-cap stocks, including Microsoft (MSFT), Amazon.com (AMZN), Alphabet (GOOG), and Meta Platforms (META). These reports will follow disappointing Q1 results from Tesla (TSLA), which plunged nearly 10.0% on Thursday.

The V2 Portfolio was flat this week as we were allocated partially long.

Subscribe to V2 Investment Newsletter to read the rest.

Become a paying subscriber of V2 Investment Newsletter 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.