Market Recap: New Highs – February 24, 2017

The market closed higher again this week. The S&P closed to 2367.34 at the closing bell today; making a weekly gain of 0.7%.

Although the S&P closed at a weekly high this week, I wanted to note that the small cap Russell 2000 index closed the week down.  Year-to-date, the Russell 2000 is lagging slightly behind the S&P with the small cap index up 2.7% YTD vs the S&P’s YTD return of 5.7%.

Why is this comparison significant? The Russell 2000 tends to move ahead of the broader market – in both directions, up and down. Since the election, the Russell 2000 index has outperformed the S&P by 19.9% vs. 12.8%. In the coming weeks, we’ll see if the Russell 2000 index can maintain its strength OR if this is the turn the weary bears have been looking for.

For now, the market has been resilient up to this point and so the Trump rally continues…

Camtrading Performance

This is my weekly post of my balanced, buy-and-hold investing strategy of leveraged ETFs. For the week, my Roth IRA gained 2.6% and 12.7% YTD.  Below is my 52-week chart on Motif Investments comparing my performance to the S&P. 

If you would like to know more about Exchange Traded Funds (ETF) check out this book on ETFs. It doesn’t just teach you about ETFs but also about investing in general. As always, if you want to know more, let me know in the comments or Facebook.

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