Morning Matters Portfolio Update
by Geoff Garbacz
For 2020, the S&P 500 is now up by 3.22% from 7.85% two weeks ago for the year while the Russell 2000 is now down by -9.62% from -6.23%. The Morning Matters Portfolio had pulled back to -6.57% for the year before we went to cash as the S&P 500 drew down to -30.75%. It is now at -5.15% from -5.73% two weeks ago so we have gained back 1.42% since we got invested. Expect more gains ahead.
The portfolio is now 33% invested long, 0% short and 67% in cash, net long 0%. Run as 12 stock portfolio it is up 506.90% through the end of 2019 and is now at 501.74% from 501.17%.
For a listing of all trades both open and closed simply look under Portfolio on the left hand side of the website.
Dividends are not included in our results unless there is a special one time payment.
We positioned in late December of 2018 that, "Markets are setting up for an epic buying opportunity last seen in 2015 or 2011". That has proven to be correct but the easy money is in.
A good start to 2020 moved into weakness due to coronavirus and then followed by a rebound not seen since 1930 and now we are potentially getting ready to move lower again.
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