This is now the 4th week of the market’s meltup. For us, the outcome is not surprising, and we are enjoying the results. Since inception, the S&P 500 (SPY) is up about 14%, while our portfolio is up 26.5%. In today’s commentary, I want to talk about why the market is so strong and been so favorable for growth investing and small and mid-cap stocks, then lay out some more thoughts on the market’s roadmap into year-end. Read on below to find out more….(Please enjoy this updated version of my weekly commentary published November 8th, 2021 from the POWR Growth newsletter).
First, let’s take a look at the past week:
As we can see, the S&P 500 had a nice and tidy 100 point gain over the past week. And once again, the Russell 2000 staged an even more impressive performance with a 3.6% gain.
