When a trader tries to profit from a stock’s dropping price.
“Going Long”
When a trader purchases stock shares hoping to profit from an increase in the stock price.
#1
Mega Cap Stocks Lead The Way.
Of the S&P 500’s 3.4% rally in the first two months of 2023, Technology and Consumer Discretionary have been the largest contributors to the upside, accounting for nearly all the year-to-date (YTD) gains. The biggest drag has been Health Care. Without its decline, the S&P 500 would have been 0.85 percentage points higher YTD.
(Source:Chron.com)
#2
Housing Prices Go Downhill.
Home prices in the United States fell for the sixth straight month in December 2022 and have
declined in every major metro-area. From their
peak 2022 levels, prices have seen the largest
declines in San Francisco (-16%) and Seattle
(-15%), while declines have been the smallest in
New York (-1.8%) and Miami (-2.6%).
(Source: Market Source)
#3
Deflation in Baseball.
With new rules including a pitch clock, the average
length of MLB spring training baseball games has
been 2:39 compared to an average of 3:03 last
season. If the 24 minutes decline translates to the
2023 season, it would be the shortest average game
time since 1984. Spread across all 2,430 regular
season games, total playing time for the entire season
would decline by 40 days.
(Source: BESPOKE)
March 10, 2023
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