VIG Newsletter May 4 Update

We are not out of the woods (clouds) yet!

May 04, 2024

Recap

The stock market exhibited somewhat mixed action this week amid a slate of earnings news and market-moving economic releases. Ultimately, the major indices all settled with gains on the week. The Russell 2000 is positive on the year following a 1.7% gain since last Friday.

Gains in the mega-cap space had an outsized influence on index performance this week. The Vanguard Mega Cap Growth ETF (MGK) logged a 1.3% gain versus 0.6% in the market-cap-weighted S&P 500. Meanwhile, the equal-weighted S&P 500 registered a 0.2% gain this week. 

The Vig Co. portfolio was down slightly this week and we continue to lead the SP500.

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