In a vibrant week of trading, The Numbers’ portfolio exhibited some noteworthy dynamics. The most striking performer was the Silver Trust iShares ETF. As we decided to go long, our strong belief in the potential rally of silver was validated with a robust 12.96% return. This remarkable surge could be attributed to rising inflation concerns and a weakened dollar, prompting investors to flock to precious metals as a hedge.
Similarly, our decision to stay bullish on the VanEck Semiconductor ETF yielded a modest 2.44% return. The semiconductor industry has been riding a wave of innovation and demand, thanks to advancements in technology such as AI, Internet of Things, and 5G. Our bet on the continued demand for chipmakers has started to pay off, albeit at a slower pace than its recent historical highs.
Meanwhile, holding long positions in the Gold SPDR ETF delivered a commendable return of 2.94%. With global economic uncertainties still looming and a persistent narrative for portfolio diversification, gold remains a popular choice for cautious investors looking for safety and stability, explaining its positive performance.
Our investment approach towards the Russell 2000 iShares ETF, with a return of 1.80%, underscores our optimistic outlook on future economic growth and the potential of small-cap stock performance to capture it. The Russell 2000’s diverse exposure appeared to benefit from a rotation into smaller, more agile players amidst whispers of a volatile market.
However, not all positions were winners this week, as seen with our stake in the Brazil iShares MSCI ETF, which dipped by 0.77%. This decline reflects the ongoing struggles of emerging markets like Brazil, grappling with political uncertainties and fluctuating commodity prices, which dampened investor confidence.
Overall, our portfolio posted a total gain/loss of 0.59%, which slightly trailed the broader market’s S&P 500, which rose by 0.80%. Despite this, our batting average was undoubtedly impressive, with successful trades accounted 83% of the time. Such a high success rate highlights our rigorous analysis and disciplined investment strategy, rounding off a largely fruitful week against challenging market conditions. As we progress, our sights are set on refining our approach to capture untapped potential, minimizing downside risk, and leveraging our analytical acumen to outpace market benchmarks.