📈 Alpha Picks & Market Update

29th of April, 2024

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Here’s your Alpha portfolio update for the week:

Returns so far this year +3.45%
Our leading position is in Silver, currently at +14.3% while our position in Brunswick Corp is lagging, at -9.7%
Total positions: 18
_{See the}_{investment portfolio}_{for the rest of our positions.}

Stock markets struggled last week as a tough US inflation print further dialled back rate-cut expectations. A mixed bag of early bank earnings also weighed late in the week.
- The S&P 500 added +2.7% last week.
- Technology, Consumer Discretionary and Banks led broad-based gains in the S&P 500.
- Energy underperformed but continues to be among the top sectors year-to-date.
- Nasdaq closed the week at +2.77%.
Stock performance around the world largely mirrored the moves in North America.
European markets overcame a mid-week lull, with the major indices finishing broadly in the black.
- UK’s FTSE 100 led European markets by a solid 3.1% gain.
Where is the strength? These industries stand out:
- Marine Transportation
- Semiconductors
- Non-ferrous Metals _{(same as last week)}

Make your money rise and grind while you sit and chill, with the automated investing and savings app that makes it easy to be invested.

(relative to the S&P 500 index, year-ago = 100; dashed line = 200-day MA)

There is no fundamental catalyst to support trading ███████ $███ here except that it is extremely oversold.

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