AI Meme Theme Super Cycle Era! The Issachar Fund is patiently invested in a high-yielding government money market fund! Nvidia reported a Q1 decrease in sales and earnings last Wednesday. However, their forward guidance exceeded the most bullish analysts’ estimates, and stocks embracing Artificial Intelligence (AI) blasted higher at an unsustainable pace. AI is … Market Update: 05-30-23 Read More »
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Market Updates
Directly from Dexter Lyons, Portfolio Manager
Market Update: 05-22-23
AI Gold Rush! The Issachar Fund is now 100% invested in a high-yielding government money market fund! I sold our Gold ETF because it was not performing as expected. The dollar gained about 2.2% in the last ten trading days, and gold went in the opposite direction (negatively correlated) as many investors believe the … Market Update: 05-22-23 Read More »
Read MoreMarket Update: 05-15-23
Concentrated Leadership! The Issachar Fund is about 21% invested in an ETF that holds physical Gold, with the remainder invested in a higher-yielding Government backed money market fund! I sold our silver ETF after it dropped below support on above-average volume. A high-volume decline is a sign of weak hands with little conviction. Gold declined … Market Update: 05-15-23 Read More »
Read MoreMarket Update: 05-08-23
At Resistance, Now What? The Issachar Fund is about 25% invested in ETFs that hold physical Gold (22%) and Silver (3%), with the remainder invested in a higher-yielding Government backed money market fund! I have very little conviction this market will break through resistance based on weak stock chart patterns and an inflation-fighting Fed. Jay … Market Update: 05-08-23 Read More »
Read MoreMarket Update: 05-01-23
The Issachar Fund is still about 14% invested in an ETF that holds physical Gold, and the remainder is invested in a higher-yielding money market fund! The S&P 500 Index has rallied into its February high line of resistance off the backs of heavily weighted (the Generals) mega-cap names (AAPL, MSFT, NVDA & META). Now … Market Update: 05-01-23 Read More »
Read MoreMarket Update: 04-24-23
Barely Holding Gold! The Issachar Fund is about 14% invested in an ETF that holds physical Gold, and the remainder is invested in a higher-yielding money market fund! The equally weighted S&P 500 index is up about 3%, while the mega-cap weighted S&P 500 index is up over 8%, YTD after a big down year … Market Update: 04-24-23 Read More »
Read MoreMarket Update: 04-17-23
The Issachar Fund is still about 33% invested, about 20% in a physical Gold ETF, and the remainder in growth stocks! I made no changes last week as gold flirts with an all-time high price resistance of around $2,000/oz. Yields continued to rise, which may have caused the dollar to bounce and put pressure on … Market Update: 04-17-23 Read More »
Read MoreMarket Update: 04-10-23
Rescue Liquidity Drying Up! The Issachar Fund is about 33% invested, about 20% in a physical Gold ETF, and the remainder in growth stocks! The rescue liquidity the Fed created to save the banks is beginning to dry up, and many stocks are starting to show results of rolling over. We were positioned for a … Market Update: 04-10-23 Read More »
Read MoreMarket Update: 04-03-23
Getting More Invested! The Issachar Fund is about 40% invested, about 15% in a Gold ETF, and the remainder in growth stocks with positive fundamentals and technical chart patterns. Interest rate-sensitive home-building stocks have been moving higher. The market may be anticipating one more 25 bps rate increase and then a pause from the Fed. … Market Update: 04-03-23 Read More »
Read MoreMarket Update: 03-27-23
Dollar Down, Gold Up! The Issachar Fund is about 13% invested in a Gold ETF (10%) and the remainder in three growth stocks! The dollar has been in a weak downtrend as the market seems to be anticipating a recession. The probability of a Fed rate hike at the May meeting looks to have slumped … Market Update: 03-27-23 Read More »
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