Inflation SLOWS, Selling more positions!, Weekly Recap Issue #13

Hey guys! I hope everyone is having a great summer so far. This past week in the markets we saw the major indexes continue to gain, with the S&P 500 and the NASDAQ hitting their highest level in 15 months. Pretty cool! We also saw the CPI (Consumer Price Index) fell to an annual inflation rate of 3% in June, which is the lowest level since March 2021. This is a clear indicator of a slowing inflationary environment. Moving forward, the start of the new week will begin the earning season for many companies. It should be exciting to see what kind of earning reports will present themselves this coming week.

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State Of The Market

Looking at the $SPY on the daily chart.

As you all probably know by now, I use the SPY to determine the direction of the market. It allows me to see what kind of moves I want to make based on what I’m looking at. The SPY (S&P 500 index fund) gained 2.45% for the week. Continuing to push up into that $450 zone. The RSI (the indicator I use to measure momentum) is starting to run hot again (reading of 70 or higher) so it should be interesting to see what kind of movement we get this week going into earnings season.

Purchases this week

In the past two weeks, I’ve done some spring/summer cleaning in the portfolio that I wanted to share. Recently, I’ve been trying to decide what positions just don’t fit in the portfolio anymore. I’ve been carrying a lot of positions for a long time, so I don’t really feel too bad about letting some go for better opportunities. Here are the moves I made this past week in the portfolio.

SOLD

Medtronic (MDT)

IBM (IBM)

Intel (INTC)

Campbell Soup (CPB)

Spartan Nash (SPNT)

BOUGHT

Pfizer (PFE)

Rest of the cash for the next SCHD purchase.

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Weekly Tweet Corner

I’m going to keep this one short and sweet. 2023 is the easiest time in history to learn about anything you want. The resources available to us now is something that must be taken advantage of. When I first started investing, I would spend hours and hours educating myself. It kept me in the constant state of learning and wanting more. Be willing to put in the effort, don’t think its boring or corny. It literally changed my life and turned me into an investing machine. Always be ready to bet on yourself.

I’m super excited to provide this weekly newsletter so THANK YOU all for being subscribers.

Until next week. Keep the focus and stay consistent!

-Nick Dividend Investor and Educator

Friendly Disclaimer: This is NOT financial advice. This newsletter and the information included is for fun and entertainment purposes only. Always consult with a professional before making any investments.