Roundup 2019 CW 14

I am back after my three weeks vacation. We have been to Malaysia and Singapore, and it has been lovely. In Malaysia, we visited Kuala Lumpur, Batu Ferringhi, and Georgetown. We will revisit Singapore, and we plane for a trip in March 2020. It is a tradition to travel every year in March and I save about three weeks vacation for the purpose.

I have decided to do less of these updates. I do not have the urge to write every week. We also are about to enter the summer months and would like to spend my time doing something else.

I will still do roundups but when I feel too, and I will always update my portfolio and the Magic Formula page.

Market Outlook

Markets pushed higher this week on signs that we are now in the final innings of U.S./China trade negotiations. Further aiding the move was a slew of economic data that, while mixed, pointed to a U.S. economy that remains mainly resilient to the pressures impacting global growth and continues to expand.

Treasury yields rebounded to ~2.5% as gold prices held around the $1,292 per ounce level. The dollar index also held at around 97 while WTI oil prices pushed to roughly the $62 level.

Next week, eight companies in the S&P 500 will report earnings. Within the portfolio, JPMorgan Chase (JPM) will report first-quarter earnings on Friday, before the opening bell.

Other key earnings reports for the market include: Shaw Communications (SJR), Lindsay Corp. (LNN), PriceSmart (PSMT), WD-40 (WDFC), Delta Air Lines (DAL), MSC Industrial (MSM), Bed Bath & Beyond (BBBY), Rite Aid (RAD), Fastenal (FAST), Apogee Enterprises (APOG), Wells Fargo (WFC), PNC Financial (PNC), and First Republic Bank (FRC).

The portfolio

The portfolio gained 1.3% compared to SIXRX who gained 4.01%. The portfolio seems to have difficulties to beat SIXRX this year. On the other hand this is planned since my risk in the portfolio have been reduced during Q1.

I have been reducing my Cash Position the last days. My thougts is to build it up again during the year but not from selling positions.

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