Reply: Breaking the September Curse—A Strong Month for My Portfolio
Great topic! Let's delve into why the September curse appears to have been broken this year and analyze my portfolio's performance in light of this trend.
Factors Contributing to the Broken Curse:
Several factors likely contributed to the S&P 500's strong performance in September and the subsequent breaking of the curse:
Robust Earnings Season: The third-quarter earnings season has been impressive so far, with many companies reporting better-than-expected results and raising their guidance. This positive earnings momentum has boosted investor sentiment and fueled market gains.
Strong Economic Indicators: The U.S. economy continues to exhibit resilience, with key economic indicators like GDP growth, employment data, and consumer spending coming in stronger than anticipated. This suggests a healthy economic backdrop that supports stock market appreciation.
Easing Inflation Concerns: While inflation remains a concern, there are signs that it may be moderating. This has led to speculation that the Federal Reserve might pause or slow down its rate hike cycle, which is generally positive for the stock market.
Improved Investor Confidence: The combination of strong earnings, robust economic data, and easing inflation concerns has likely boosted investor confidence. This increased optimism has encouraged buying activity and pushed the market higher.
My Portfolio's Performance:
I’m pleased to share that my portfolio has also thrived this September. My rate of return (RoR) for the month was +7.22%, compared to the NASDAQ’s 2.69%. Out of the 11 stocks I traded, 10 were profitable, resulting in a 90.91% winning rate. This performance underscores the importance of strategic stock selection and market timing.
The September curse appears to have been broken this year, driven by factors such as strong earnings, a robust economy, easing inflation concerns, and improved investor confidence. My portfolio's performance has also benefited from these factors, demonstrating the importance of sector selection, stock picking, and disciplined investing.
While it's impossible to predict future market movements, the current positive environment suggests that there may be further upside potential for the stock market. However, it's essential to remain cautious and mindful of potential risks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
