Happy Monday, QAV America.
And welcome to all of our new members.
Market This Week (S&P 500)
The S&P 500 had a rough week — we’re talking roughly a 1% drop over the five days.
But that masks where the real damage was. The Nasdaq shed something like 4 to 5% as the money rotated out of big tech and into anything that wasn’t an AI stock. The trigger was a report that OpenAI is pushing its IPO out to 2027, with Altman apparently holding out for a $1 trillion valuation and treating anything less as a non-starter. What spooked them was SpaceX, which floated on the 12th, ran hard, then coughed up a third of its value inside a fortnight….
The bigger story is the Fed. May PCE came in at 4.1%, a three-year high, and new chair Kevin Warsh isn’t blinking. Markets have quietly flipped from pricing cuts to pricing a hike, which is not nothing.
The one bit of good news was oil, down about 4% (WTI under $70). That’s despite the Iran ceasefire looking shaky.
All the best,
Cameron
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PORTFOLIO UPDATE
Drill down into the widget above to see different timeframes, or visit our live portfolio page.
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SELLS
This section is for QAV Club Members only.
Register for your 14-day free QAV Club trial here.
If you're already a QAV Club member and seeing this message, please login via the top menu.
If you're a QAV Light member who wants to upgrade to QAV Club, go to your Account page (see Footer) and upgrade from there.
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BUYS
This section is for QAV Club Members only.
Register for your 14-day free QAV Club trial here.
If you're already a QAV Club member and seeing this message, please login via the top menu.
If you're a QAV Light member who wants to upgrade to QAV Club, go to your Account page (see Footer) and upgrade from there.
And here’s my TikTok of the week.
@qavinvesting 🚀 SpaceX's IPO: Is it a viable investment or a 1,750-year wait? Or a complete joke. SpaceX Investment #valueinvesting
♬ original sound - QAV Investing - QAV Investing
** Please remember to review our Buying Guidelines to understand which cap bands you should be looking at and other important considerations.
DISCLOSURE
Please review our trading and disclosure policy.
FOR NEW MEMBERS
If you’re new to QAV Light, here’s a quick reminder on how it works.
- We send you an email every Monday advising which stocks we are adding to our Light portfolio.
- You can copy our trades, but please remember to review our Trading Guidelines to understand which cap you should be looking at and other important considerations. And consult a financial planner before making any decisions.
- We don’t recommend that you add stocks which are already in our portfolio. Their position on our buy list might have changed since we recommended them. Just start with the stocks recommended after you become a member.
- If one of the stocks we add breaches one of our sell conditions, we will sell it from our portfolio and you’ll get an email advising of the trade. Again, you can copy our trades, but seek financial advice before making any decisions. And please check your Rule #1 price (see Trading Guidelines).
- If you come across any QAV terminology that you don’t understand (eg Rule 1, 3PTL, Possibles, etc), please review our terminology guide or just email us for clarification.
That’s it for today!
If we decide to buy or sell something, we’ll let you know.
Got a question?
cameron@qavamerica.com
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