Stock Market Recap | July 3rd, 2023
Stocks rallied off of the prior week’s decline, proving once again that amateur investors who took profits at lower prices the prior week were wrong to do so (again).
Amateur investors are notoriously bad at market timing, because they either lack a consistent trading strategy altogether, or follow a strategy that works so infrequently that they do not have a profit-making edge, in which case they fall back on emotional decision-making, which is certain to produce poor results.
The week saw mostly good news – earnings, manufacturing activity, housing starts, etc., that for the moment offset concerns about an impending commercial real estate collapse. Investors for now are cautiously optimistic that the economy might avoid a calamitous recession.
We were correct to hold our long positions, as our analytics had suggested, as many of our long gains increased. Short positions were mixed.
The second quarter of 2023 has proved to be a profitable period for us as stock prices finally moved in a consistent direction for weeks at a time (mostly upward) after a lackluster first quarter in which prices were choppy and/or stagnant. Would be nice to see more of this price movement consistency continue throughout the summer.
-
1:37:17
Kim Iversen
8 hours agoAbortion Activists Go Wild at the DNC: Abortion Pills & Free Vasectomies on Display
72.3K95 -
26:31
Michael Franzese
7 hours agoJoe Rogan doesn't HOLD BACK in Netflix Special
56.1K40 -
1:36:32
Glenn Greenwald
9 hours agoIs Kamala Harris "Working Tirelessly" for a Cease-Fire in Gaza?; Jonathan Turley on Free Speech; Richard Medhurst on his UK Arrest | System Update #318
101K94 -
2:21:37
WeAreChange
8 hours agoWARNING: DNC To Be Designated Monkeypox Spreader Event??
85.2K16 -
LIVE
Right Side Broadcasting Network
3 days agoLIVE: President Trump Delivers Remarks on Crime and Safety in Howell, MI - 8/20/24
4,349 watching -
5:53:27
SNEAKO
13 hours agoIslam vs Christianity Debate: Muslim Lantern VS Andrew Wilson - Trinity and Age of Consent
204K502 -
1:13:29
Redacted News
11 hours agoTime's UP! PUTIN is PREPPING something big with Ukraine, RFK to drop out of race | Redacted News
175K325 -
56:40
Officially Unfollowed
12 hours agoEp. 4 | DNC Kickoff, Kamala’s Poll Struggles, & Don Lemon’s New Gig
74.6K21 -
1:17:52
Awaken With JP
1 day agoAll She Wants is Communism - LIES Ep. 52
128K125 -
2:25:57
Breaking Points
13 hours ago8/20/24: DAY 2 - LIVE FROM THE DNC!
90.3K35