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.
January +8.04%
February -1.60%
March +6.31%
April +2.39%
May +1.02%
June +7.00%
February -1.60%
March +6.31%
April +2.39%
May +1.02%
June +7.00%
7 Comments:
ATVI done deal?
Good question! Don't have a position yet, but I think it's got a very good shot of closing. Microsoft is not going to let this slip away after battling so hard with the regulators.
UK CMA maybe trying to get some deal done. Got in today, hopefully they can close soon
FTC just appealed. Gonna be some time i guess
I counldn't resist and jumped in today. The odds are too good to pass up.
Sony signing COD deal should be enough to close the deal tomorrow
I agree, should close tomorrow.
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