VIG Newsletter May 24 Update

Nvidia leads us into Memorial Day!

May 24, 2024

Recap

US stocks pushed higher Friday as Wall Street looked to bounce back from the Dow’s biggest wipeout in more than a year.

Friday, the S&P 500 rose 0.7%, while the tech-heavy Nasdaq Composite gained 1.1%. The blue-chip Dow Jones Industrial Average rose just above the flatline, eking out a victory after shedding 600 points on Thursday on its worst day in more than a year.

The Vig Co. portfolio had a solid up week and extended our lead over the SP500.

Performance (Weekly/YTD)

VIG Co. +2.88% / +13.42%

SPY +.01% / +11.75%

VIG Co. Portfolio Holdings (Allocation).

KIAM V3. (100%)

Notes/Charts

Heading into a Holiday weekend we like to review the year-to-date performance of some of the core sectors and areas we follow. You can see semiconductors - led by Nvidia - is the runaway leader. You can also see Bonds and Real Estate near the bottom, still hurt by higher interest rates.

Utilities have been interesting to follow - apparently being pulled higher by expected greater power needs for huge AI data centers.

We are pleased with KIAM V3's performance this week.

Plan

Renee and I wish you an enjoyable weekend where you remember those who are no longer with us. Join me in honoring the fallen soldiers and their families who sacrificed so much. Please think about the purpose of this holiday and enjoy your time with family and friends.

We will follow the math.

Note: Check out the updated App for Composer. (There is a link to it on the top of your Composer home page.) It works great.

Chris

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Market information from Bloomberg, ETRADE, Composer, Koyfin, and StockCharts.com.