V2 Model May 13 2023 Update

Fed Pivot, Pause, Hike? What does the Gold say?

May 13, 2023

Recap

The Nasdaq Composite closed the week with a slim gain while the S&P 500 closed with a slight loss. The 4,100 level was an important relative area for the S&P 500 this week. However, index-level price action was somewhat misleading, with more selling occurring under the surface. Mega cap stocks, benefitting from some flight to safety buying, held up the broader market.

The V2 Portfolio was up this week.

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