Caught a falling knife

🌍 Macro & Market News

• Consumer inflation cooled in April, but this lull is expected to reverse when tariffs effect hits shelves very soon
• UNH shares fell due to their CEO suddenly stepping down (see my Review from Yesterday for more)
• Trump is in Saudi Arabia and announced lifting sanctions on Syria after advise from MBS. Seems legit!

📊 Portfolio Impact

My portfolio grew +.27% today. My largest value changes were from DBC (+1.55%) and XLE (+1.41%), dragged down by IHF (-5.79%). Energy in general did well today: in addition to XLE’s jump, ICLN grew even more by +3.73%.

📈 Predictions for Wed May 14

Trump seems to be seeing his Mideast visit as a time to make some splashes, so I’m going to guess there’ll be some announcements that may push the market up more. Maybe on energies?

✅ Review from Yesterday

“Markets will be flat, though GLD may reverse it’s drop (regression to the mean?).”

Wrong on the market prediction: Dow dropped by -0.64% while the Nasdaq and S&P 500 jumped up +1.61% and +0.72%, respectively. The divergence in the Dow compared to the other two may be due to UnitedHealth Group’s CEO suddenly resigning, which tanked UNH shares. UNH sits on the Dow and the Dow is price-weighted.

When UNH missed its earnings in Q1 I ended up purchasing the IHF etf (at what I felt was a good discount). Turns out I ended up catching a falling knife.

One thing I got right was GLD did increase by +0.43%.