PUT IN WORK (9/4/2023)

Although the market is closed today in observance of Labor Day, we’d like to make a very brief article touching on the overall state of the market. Last week, the market fought hard to get hold of previously lost gains. The Nasdaq (QQQ) ended up an impressive 3.7%, while the S&P 500 (SPY) saw equally remarkable growth of 2.6%. The first three days of the week pushed stocks higher in anticipation of the jobs report, which came out Thursday.

This job report was seemingly great news for the economy, so much so that it convinced many investors that we won’t see another rate hike for the rest of the year, with many analysts describing said report as “perfect.” Naturally, this would be great for investors, but as we all know, nothing is certain. This issue is short due to the market being closed today, but we didn’t want to go two weeks without any update!

(Nasdaq ETF (QQQ) price from August 2022 - August 2023 — each candle is 1 week. Chart provided by tradingview.com.)

PORTFOLIO UPDATE

Our stocks rose along with the market, with some gaining substantial ground due to their own personal volatility. Nothing particularly incredible or worth noting, but it’s nice to see our stocks fight back and rise with the market. We plan to hold all currently owned stocks for the foreseeable future. As always, thanks for reading, and happy investing.