Happy Monday, QAV America.
And welcome to all of our new members.
Market This Week (S&P 500)
The S&P 500 fell 0.8% for the week ending September 11, closing at roughly 7,657:
- Oil extended gains through the week after surging past $100 per barrel on Middle East supply concerns, with Brent crude for November delivery reaching $108.21 a barrel by Friday.
- August CPI came in at +0.4% for the month, putting the annual rate at 3.4%; core CPI rose 0.3% monthly and 2.4% annually, with core running 0.1 percentage point above Dow Jones estimates.
- The Fed decision is due Wednesday September 16, with the current target range at 3.50%-3.75%; markets have moved to price a 0.25-point rise as more likely than not following Fed Chair Warsh’s hawkish Jackson Hole speech and a solid August jobs report.
- The August nonfarm payrolls report showed 162,000 jobs added, well above the 53,000 economists expected, with the unemployment rate holding steady at 4.1%.
- US stocks closed higher on Friday, halting four sessions of losses, with the S&P 500 gaining 0.9% and the Dow adding 509 points on the day.
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 Is there a speed limit for investing? What is the best possible long-term performance? And why? qav #warrenbuffett #berkshire #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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