US Equities fell today
We made two videos to discuss the details. One pre-market where we share technical and quantitative things about the market. One tracked the last 30 minutes into the close and we thought was happening at the higher level. Enjoy. I think we found and shared some insights.
How did our CQNS UP run do today? Pretty well. One up, the rest down and the median return was 3.55%, slightly higher than the $SPY (our benchmark) at -3.26%. Yesterday it outperformed the $SPY significantly during the trading day (it was an up day).
By Jeffrey Cohen, Investment Advisor Representative
April 28, 2022
Stocks reflect company valuations & significant information. Companies report important info to the US Securities and Exchange Commission (SEC).
Start here when looking to buy a stock. 4 easy steps:
1. Type "sec edgar search" in browser
2. Type ticker symbol into search bar
3. Select a filing (usually about 1 x month)
4. Read & think about it. Could create a spreadsheet to come back to.
Years ago I read a quote by a younger Jim Cramer who said that picking and holding stocks is a full time job for professional investment analysts. He recommended spending 1 hour / week per stock you hold. This is one great way to spend that hour, along with browser web searches on their key products, jobs posted, and company information. We also suggest listening to earnings calls and reading earnings call transcripts.
For those, like us in the past, who don't have time for this, the best thing to do is to hold a passive fund that is widely diversified, like the S&P 500 Index ETF ($SPY).
S&P 500 Daily Trading Range is up to levels that reflect market turbulence Definition: (High minus Low)/Open
Liquidity is drying up
Markets like turbulence
News really is that interesting & unique every day
Big bets in dark pools
War & Politics
This is not a good sign for the overall health of the market.
Fear of missing out (FOMO) is not that expensive.
It is ok to wait if/while the market falls further.
As we have posted before, there are many stocks on sale today. These are stocks that are down 10% or 70% over the past year and you may be thinking that these are bargain basement purchases. They may be (we think we might like SLQT, doing DD), but likely these stocks will be cheaper in a week or two.
Stock Market BLOG
President and Investment Advisor Representative