V2 Model September 10, 2022 CHANGE

The NFL is here. Is this market trend up "Not For Long"?

Author

Chris Vig
September 10, 2022

Recap

The stock market came into this shortened week of trading on a three-week losing streak. It looked on Tuesday as if that streak might be extended to four weeks, but there was an abrupt turn in sentiment that powered a strong move in the major indices over the last three sessions. When it was all said and done, the losing streak was broken and both the S&P 500 and Nasdaq Composite had reclaimed a posture back above their 50-day moving averages.

The V2 Model Portfolio was down this week as we were partially short. The market has moved to a neutral zone prior to the CPI data coming on Tuesday. As such, we will make a change to the V2 Portfolio during Monday's session.

Performance This Week / YTD

V2 -3.57% / -.69%

SPY +3.66% / -13.76%

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