weekly sector performance

US stocks climbed on Thursday as traders closed out positions heading into the holiday weekend. Economic data was mixed so Friday’s non-farm payroll number will offer more importance. CarMax Inc. was a strong performer, hitting an all-time high and climbing by 9%, while crude oil prices settled just under $50 a barrel.

All sectors finished the day in the green with consumer goods shares leading the way. Technology shares were the day’s poorest performers.

Over the week, utilities put in the strongest sector performance gaining 2.5% while conglomerates fell back -0.9% as a whole. Utility stocks are now the strongest performing over the last 30 days.

Profits

I made some profits in $RAD and $SPX this week (detailed in yesterday’s post) and this took my short-term trading fund up over 20% for the year so far.

short term trading fund ytd

My longer term portfolio is up a smaller amount, around 3.5% but ahead of the benchmark. As I mentioned yesterday, I am becoming concerned about the overbought situation in Germany’s $DAX.

Here are this week’s Links:

70% of Investors are making basic mistakes 

When markets dip, don’t get out

High speed traders are experiencing falling returns

Why are interest rates so low? By Mr. Ben Bernanke

Crude oil: The fundamental bottom is in

Iran ”Nuclear Deal” Fact Sheet and explainer

That’s all for now, have a great weekend 🙂


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