Sector Adjustment for Our Portfolio
12/6/23 Trading Letter
We are at 26% above the S&P 500 on our Model Portfolio, with a 58% win-rate per pick against S&P 500 benchmarks. That might seem a lot less impressive than 53% and 60% on our 2023 newsletter picks. But we have about 5X in 1/2 the time (started 6/4/23) at 10X the churn I’m actually more proud of the model portfolio number. The closer you get to 500 investments the harder it is to beat the market and more likely you lose. Especially if you are churning through them that fast.
We have a lot of new sign ups after my speaking event at the Modern Investor Summit so I’m doing this letter a little differently. This letter will be free until we give our new picks that will be paywalled at the bottom. If you saw our Sector update this morning you can skip it now.
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Sector Analysis from 12/3
Sector Analysis Today
The big thing to note here is that technology might very well have been a short correction and Communications problems might be more persistent (we mentioned this on our livestream yesterday)
And Materials might not be ready to be the big winner we want it to. But perhaps Financials are ready to come back more than we thought.
Portfolio Update
Exit long - CMG, ADBE
Exit short - RLAY, COF
Screener of the Day
This was filtered out like this:
Bull Sectors: Health Care, Consumer Discretionary, Industrials, and Utilities
Bear Sectors: Tech, Energy, Consumer Defenseive
Long REGN
Short QMCO, E, CNX