Quick Hits For the Week of 8/28/22

In this newsletter: Is Our Perspective Off & How Can I Give More? Dividends, Hot Trades, Collectibles - 5 Great 80's Comic Collectibles, Spiderman

Aug 27, 2022

∙ Paid

The best way to measure your investing success is not by whether you're beating the market but by whether you've put in place a financial plan and behavioral discipline that are likely to get you where you want to go.
Benjamin Graham

The Fed this week signaled further rates hikes to slow consumption and tame inflation. Not what the market wanted to hear, but I would urge a long term perspective. This could present buying opportunities as quality assets trade lower. That is why I have challenged myself to gain a broader perspective of things and give more.

I hope you find our newsletter and freshly updated site truewealth.moneyvikings.com a daily source of inspiration of what we can do in the moment to build wealth!

Best in investing and life,
Greg & Jerry

Weekly Market Report

SPY was down 4.63% for the week giving up all the weekly (and monthly) gains on Friday with a 3.38% drop after Fed commentary on Friday. We are below all 3 EMAs, the 50% retracement, and the May - June lows. Watching the psychological 400 line carefully now. Was this move overdone?

Bitcoin

BTC was down 4.63% for the week and broke the psychological 20K line in the sand.

Weekly Market Heatmap

source: finviz

Energy remained the only bright spot this week up 4.27%, while technology lost over 5.58%.

Yields & Rates

source: koyfin
All 3 benchmark rates are now trading over 3% with the 2 year yielding an impressive 3.393%. Spreads between the 2-10s and the 2-30s widened.