The portfolio had a great day. We were up over 3%, with big days on no news from Scott’s, Matrix, and Novagold. With a 2 day outperformance of 4%, we really should sell everything, buy an index fund, and call it a year. This has been almost a perfect “January Effect”. There used to be a dramatic outperformance of small cap stocks in the first few weeks of January. The effect has declined in recent years, but seems to have come roaring back in 2023.
Model Portfolio - Day 2
Model Portfolio - Day 2
Model Portfolio - Day 2
The portfolio had a great day. We were up over 3%, with big days on no news from Scott’s, Matrix, and Novagold. With a 2 day outperformance of 4%, we really should sell everything, buy an index fund, and call it a year. This has been almost a perfect “January Effect”. There used to be a dramatic outperformance of small cap stocks in the first few weeks of January. The effect has declined in recent years, but seems to have come roaring back in 2023.