[U.S. stocks] In a directionless move, the S&P 500 reaches new highs.
Hello, Lehman (@Lehman1980) is.
Not as much as the late February level, but in the past two weeks the trends of U.S. long-term interest rates influenced daily stock movements.
Every day the stock prices moved significantly.
However, when looking at week-over-week stock trends, the Dow, Nasdaq, and S&P 500 all rose in the second week of March.
The major trend remains profit-taking on growth names and shorts, with a reconsideration buying on value names centered around the old economy.
（Header image：CNN）
Both the first and second weeks of March saw the S&P 500 advance, while
Nasdaq fell for the third and fourth weeks of February and the first week of March, dropping about 8.5% in total.
In the second week of March, a rebound of about 3% finally occurred.
The S&P 500 reached new highs on March 11 and 12.
Next week, I will be watching U.S. long-term rates and the FOMC to see whether the stock market will rise further.
Dollar strength due to rising U.S. yields; focus on next week's FOMC
＜S&P 500 index closing level and peak 3943 (20210312)＞
March 23: 2237 (COVID-19 crash bottom)
May 15: 2863
December 31: 3756
February 12: 3934
March 12: 3943
https://jp.investing.com/indices/us-spx-500-historical-data
Here is the heat map for the most recent month.
Financials (excluding PYPL), industrials, and energy sectors have risen.
On the other hand, semiconductors-centered high-tech, and COVID-19 beneficiaries like NFLX and AMZN, as well as crypto-related stocks, declined sharply.
U.S. stock holdings
This is SBI Securities account summary (as of March 12 close).
Unrealized gains are almost back to the original level, at $13,185.
Cumulative gains including realized losses and dividends amount to +$8,500.
Compared with the previous article, +$2,400.
Stock holdings about $87,000, cash equivalents (MMF, etc.) about $53,000, resulting in a ratio of 62:38.
At some point the S&P 500 and Dow have hit record highs again, and while there is no overheating, I expect the market to remain directionless for a while.
Regarding the current yen depreciation and stock market dip, U.S. dollar MMFs have provided sufficient cushion, so
I will slightly reduce risk assets and aim for a target ratio of 60:40.
Consequently, I plan to take profits on VT by about 20%, and add $10,000 to MMF.
Buy: VT (700→730) AAPL (15→20) T (100→120)
Sell: none
PFF and T have turned positive. The declines in AAPL and KO have narrowed.
I am eyeing TSLA, FSLY, NVDA, etc., but cannot quite buy yet.
Until next time, see you again.
＜Stocks to keep an eye on＞
Blue chips: AAPL, MSFT, TSLA
Growth stocks: FSLY
Semiconductors: QCOM, NVDA, INTC, AMD
Finance: PYPL, BLK, STT
Consumer staples: PG, KO, PM, BTI
Communication: T
