Author: Targex Capital
Covestor Model: Identifying Turning Points
Disclosure: None
The month of May was very choppy for Targex Capital’s trading. We managed to produce a 3.45% gain for the Covestor model during the trading month.
Stock market performance in May was the worst since August 2010. The Dow tumbled nearly 2% for the month, while the S&P500 and Nasdaq Composite each lost approximately 1.3% (Google Finance).
We may experience some volatility during the month of June with the ending of QE2, but we are still very bullish on the markets.
Events that concern our trading include Quantitative Easing set to end June 30.
Sources:
Market performance data from Google Finance, https://www.google.com/finance
