September 2022 Performance

September was another challenging month as the indexes fell to new lows. I continue to maintain a holding pattern. Apple finally got hit after rumors of slower iPhone production. I do see strong pent up demand for these phones as I am eyeing one myself. I am surprised how well Constellation Brands is holding up in this environment. Constellation Brands looks like it wants break out and emerge as one of the market leaders. Constellation Brands reports this week, so we will see how inflation is impacting this company.

I continue to play the short put game, which has worked out fairly well. I have become less aggressive as the market volatility increases. I always worry about a black swan event whenever I put on these short put positions. A big market crash will just wipe you out.

The correction in many of these tech companies are starting to appeal to me now. Maybe time to start nibbling a bit, but we will see…

 

2022 Performance = -16.9% with the running monthly returns as follows:

January -0.68%

February -6.00%

March +4.89%

April -4.41%

May -2.90%

June -7.28

July +12.5%

August -3.1%

September -9.5%