Ugly Day Comes to a Close

Yuck, that was an ugly day!

At its low, the S&P 500 was down 2.87%. At least we had a decent rally off the low. The S&P 500 gained 1.20% off today’s low. By the closing bell, the S&P 500 was down 1.70%.

At one point, the Dow was off by 971 points.

This kind of day is almost perfectly made for our Buy List to outperform. Five of our Buy List stocks closed higher and nineteen of our 25 stocks beat the S&P 500 today.

It’s not that we were brilliant today. Rather it reflects the relative conservatism of our portfolio.

It always sounds odd to talk about outperformance on a down day, but that’s important for our strategy.

Posted by on September 20th, 2021 at 4:36 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.