Money Vikings Investing Where are Da Bears? Week of 7/3/2023

In This Issue: Where are Da Bears? Market Report, Finviz/Sector Analysis, Sentiment Analysis, 🔴🟢 VIX Multi Year Lows, Hot🔥Trades - Bearish SPY Broken Wing 🦋

Happy 4th of July readers, and welcome to the 2nd half of the year! I can not find any 🐻bears left on this planet. Even my favorite perma-bear Tim Knight is starting to capitulate. With a face ripping rally of 3.49% IWM, 2.46% in SPY, 2.09% in DIA, and 2.05% in QQQ we could be heading to all time highs in the next few months. Believe it or not, I still have a bearish trade on, my SPY Broken Wing Butterfly, highlighted for Premium Members in the HotTrade section below. In our WOW Portfolio, WMT is up 9.46%, WM is up 10.44%. O is down -6.29%. If you adjust O for dividends of around +$25/month—it’s still ahead. This is not investment advice, but if you had put $1000 into each of these on Jan 1st, you’d have $3136 or 5% return not including dividends. Note this week is a shorter trading week with the 4th of July, and there aren’t any earnings to monitor.

Weekly Market Report

Updated the Weekly Market Report Table to include VNQ for monitoring real estate. I will try to keep it updated here as well each week: https://truewealth.moneyvikings.com/2023/06/finviz-heat-map/

If Waldo were a red square, you could play Where’s Waldo!? on this heatmap.

While tech and communications have gotten all the attention, note that Real Estate has been one of the hottest sectors this past week, up 4.85%.

The 10/2 Yield Spread Continues to Invert

The Fear and Greed Index, AAII

Moved from Greed last week to Extreme Greed again. With the VIX at mult-year lows, does this continue or will something unexpected spoil the 🎉 party?

The AAII Investor Sentiment Indicator reflected less bullishness & bearishness than last week. Most became more neutral by 1.2%

Events Next Week

Maybe some JOLTs on Thursday will mix things up.

source: https://www.investing.com/economic-calendar/

Featured Articles

• Financial Freedom to Kids: What to Teach About Money to Kids in Elementary School? - A great article about how to get your young ones thinking about money, and this history of it.

• Antagonist Stocks and Options Research : Over the Weekend #26: Best and Worst Sectors to when rates rise - Includes an interesting chart and discussion of the best sectors to follow when the US 10 Year treasury yield rises. And the black market for AI Chips!