Archive Category: Infinite Momentum Alert Archive

Last cycle was strong for us. Our All Markets portfolio performed roughly in line with the broader S&P 500 Index, while the Tech Titans really knocked the ball out of the park. It beat all major market indexes as well as the venerable “Magnificent Seven.” Taken together, our two portfolios nearly doubled the return of our benchmarks.

We’re three weeks into our trading cycle, with one week left to go before Refresh Day. Let’s take a quick look at how the portfolios are performing, and then I’ll get to answering some questions that have come in over the past couple weeks. If you have questions of your own… or just want to share a monster trade or two you’ve made in Infinite Momentum… please drop me a line at infinite@moneyandmarkets.com.

We’re now two weeks into our trading cycle, and it’s been a wild ride… We’ve seen six out of the seven “Mag 7” stocks report earnings, with mostly strong results. And we’ve watched Wall Street react in its typical bipolar manner, jumping with joy after one report and recoiling in fear after the next. So, what comes next… and how do we trade it?

We got a reminder this past month of why we diversify… and why we invest in both tech stocks and in distinctly “old school” industries. Our All Markets portfolio posted a healthy gain during a period when most market benchmarks were down. On the other hand, our Tech Titans portfolio really took a beating. Before I jump into the numbers, I want to revisit my comments from our performance update on July 10. We had just come off a fantastic month, with the Tech Titans beating the “Magnificent Seven” by an incredible 20 points.

As I write this, tech stocks are getting hammered. The tech-heavy Nasdaq is down about 1.3% on the day and has been trending lower for the past two months. Our Tech Titans portfolio hasn’t been immune.