[U.S. stocks] From the all-time high of the S&P 500, down about 8%.Viewed as a correction phase.
Hello, I am Leeman (@Lehman1980).
The U.S. stock market reached a record high on an S&P 500 basis for six trading days in a row,
and although August 31 saw a slight dip, September 1 and 2 continued to hit new highs.
However, it then declined for two consecutive weeks. In particular, the NASDAQ fell by about 10%.
https://jp.investing.com/indices/nasdaq-composite-historical-data
https://www.bloomberg.co.jp/news/articles/2020-09-11/QGID0LDWX2PU01?srnd=cojp-v2
＜S&P 500 index closing price and all-time high 3580 (2020-09-02)＞
This is the SBI Securities account summary (as of September 11 close).
In the last article, there was about $2,000 unrealized gains, but there were days when it briefly turned negative, and
it has just barely remained in positive territory.
Cumulative profit/loss including realized losses and dividends shows a$5,600 loss.
Originally these were mostly less-overheating names, and during this correction phase they have shown resilience.
Total stock holdings around $60,000, available funds (MMF) about $32,000, making a ratio of 65:35.
Stocks traded
Buy: AAPL (0→10→5) ABBV (10→25→10) SPYD (650→680) VT (350→400)
I newly bought AAPL, but since there may still be room to fall, I sold half for now.
AAPL (Technology/Home electronics) dividend yield 0.73%
Everyone loves iPhone and Mac.
Summary
Adjustments are inevitable, but when will they come? That was the mood in the U.S. stock market.
Although there wasn’t any particularly big news,
U.S.-China tensions and Trump administration economic measures were delayed by Congress,
in Europe and India, COVID-19 cases were rising,
Brexit issues were resurfacing,
and perhaps concerns and uncertainty were in focus.
The U.S. presidential election, full of potential volatility, is approaching.
Currently, I see it as a mere correction phase, and I do not expect a large drop like in March this year, but
a correction down to below 3,000 on the S&P 500 is quite plausible.
