June 2023 Performance

This market continues to amaze me with this wall of worry rally. There is so much bearishness sentiment out there, but the market is discounting a lot of this news. We’ll eventually have that recession, but I can see the market rallying off the recession news. Right now, I’m cautious and maintaining a good cash position for opportunities that may arise. June was a strong month with a ~ 7% gain thanks to Apple. I have to admit that Apple’s Vision Pro demo was really impressive. I’ve been skeptical with all these VR headsets out there, but Apple is different and did a great job demonstrating use cases.

The portfolio remained status quo with no changes other than some small incremental cash from selling options. I’ve cut back a lot on selling options as I see risk in a market sell off. I’ll rather park the cash yielding ~4.75% and be able to sleep at night. When I have option positions, I always worry about that black swan event and sometimes have to sweat it out until expiration.
 

That's all I have...

2023 Performance = +25.08% with the running monthly returns as follows:

January +8.04%
February -1.60%
March +6.31%
April +2.39%
May +1.02%
June +7.00%