Get Irked – Week in Review – Episode 11

The Get Irked Week in Review

Episode 11 – October 29 – November 2, 2018

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In the markets:

  • The markets staged a late-week recovery based on a positive trade tweet from Trump and bad news about the economy in the form of a Purchasing Managers Index (PMI) number that was worse than analysts expected. Yes, we are in a market where bad news is good news as it means the Federal Reserve Bank has reason to slow the interest rate increases following the upcoming one in December. • The S&P saw a 5.7%+ swing from its weekly low to its weekly high before closing up about 1.5% for the week. Make no mistake, the S&P is still down 7.40% from its October high. •  The markets continued beating on two members of FAANG – Google (GOOG) and Apple (AAPL) – taking the already-beaten stocks down nearly 2.5% and 5.5% respectively following bad news events.

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Getting Started – Tools & Resources:

  • We delved fully into how to build a diversified portfolio this week, taking a look at Get Irked’s positions and breaking them up by sectors to make it easier to understand what makes diversification.

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Trades in Play:

  • Although there was some action this week, it felt significantly calmer overall from October, perhaps indicating we’ve seen a bottom. Historically, November is the second-best month of the year with statistics showing that November during election years (it’s the midterms, in case your head’s been in the sand over market terror lately) have always performed well. There’s a first time for everything, but here’s hoping that statistic holds.