With the quarterly filings now out, investors and financial media pundits have been pouring over who bought what at the end of 2022…
And the one fund manager that’s getting the most attention is arguably one of, if not, the greatest traders of all time…
…George Soros…
“Oh, but they do exist…”
“Of course, outside of the oil and gas sector, they’ve been tough to find…”
While growth stocks have enjoyed the latest “rally”, some names were already marching higher…
Why is that important?
Relative strength to the broader market.
When your indicators fail (and they will), there’s only one thing to pay attention to…
Price action.
If you haven’t noticed, just about every stock across the airline industry has been trading well above their December lows…
Even the bad ones like JetBlue Airways Corp. (JBLU)…
You could say they’ve been… “flying.”
I’d imagine your portfolio has been looking better and better.
Any and all stocks seemed to be lifting higher…
The S&P 500 was inching closer to a breakout…
And then yesterday evening, Microsoft (MSFT) reported earnings…
Looking at the share price, Spaceman Jeff may have left the Amazon (AMZN) CEO chair at the best time…
…down -32.72% over the last year.
You’ve probably heard me say this before:
“I like it… I don’t love it.”
And when looking at the S&P 500, that’s about where I am…
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