Performance Week Ending August 23, 2024

Good morning.

The stock market exhibited mixed action at the index level this week. Some sessions featured downside moves driven by consolidation activity, and some sessions featured robust buying. Like recent weeks, buying activity was driven by the notion that the Fed will lower rates beginning in September.

Ultimately, the S&P 500 settled 1.5% higher, the Nasdaq Composite jumped 1.4%, and the Russell 2000 closed 3.6% higher than last Friday. This price action left the S&P 500 just 0.6% below its all-time high. Volume was below-average through most of the week, reflecting a lack of participation due to vacation schedules and some hesitation ahead of potentially influential events.

Performance

We currently hold two symphonies. Here is their performance this week and since inception. We were up this week.

Holding last week.

We will continue to post our results, holdings, changes, charts, and insights on our blog at www.thevigcompany.com.

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To manage our portfolio we use Composer. Composer is a cool new brokerage based in Toronto Canada that allows us to build trading algorithms, backtest them and auto-execute trades. You can learn more here. Composer.

Here is a referral code if you want to join us on Composer. You will receive 25% off your Composer annual fee for life!. Enter this code when signing up. Code: jRp2ko1-TRADE

One of the best features that we appreciate in Composer is that it does the calculations and places trades automatically - at the end of each day. We no longer have to send you a change notice for the portfolio. This saves incredible time and energy.

Please note, that we are not affiliated with Composer in any way and do not receive any fees from them. We are simply using their tools to our benefit - just like any other brokerage.

Distance=Victory

Chris

Chris Vig is president of The Vig Company and is an investor, artist, author, business consultant and former CEO living in Monona, WI. This article is for entertainment purposes only. We may own, buy, or sell any security listed here at any time. Do your own diligence when investing your hard-earned cash. Follow The Vig Company on Facebook.

You can learn more about the model, its holdings, and how it works by going through each link on our website.

THE VIG COMPANY LLC INFORMATION AND NEWSLETTERS ARE NOT RECOMMENDATIONS TO BUY OR SELL SECURITIES. WE ARE SIMPLY LISTING THE RESULTS OF OUR MODEL. WE MAY BUY, HOLD, OR SELL ANY SECURITY LISTED IN OUR INFORMATION AT ANY TIME. WE ARE NOT REGISTERED INVESTMENT ADVISORS AND HAVE NO UNDERSTANDING OF YOUR FINANCIAL SITUATION, RISK TOLERANCES, OR INVESTING OBJECTIVES. ANY INVESTMENT DECISIONS YOU MAKE ARE YOUR OWN. PLEASE DO YOUR OWN DILIGENCE WHEN INVESTING YOUR HARD-EARNED MONEY.

Chris VigAugust 24, 2024Stocks, bonds, ETF, SPY, sp500, invest, beat the market, trading, qqq, spy, apple, market crash, stagflation, inflation, Paul Tudor Jones, Inflation, black rock, strategic investment fund