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Dear Investor,
Yesterday was the last trading day of March. Last month was a positive month for both the strategy and the indices.
According to my data, the portfolio has recorded a gain of +3.16%. The SP500 recorded a gain of 3.10%, while the Dow Jones showed a gain of 2.08%.
The markets have risen for five months in a row and have risen significantly. Some form of correction is certainly healthy and welcome.
Many stocks are extended and could use a breather. That doesn't mean they can't go even higher. Take NVDA, for example. We've had this stock in our portfolio for about eight weeks now, and it continues to surprise us positively.
I wouldn't be surprised if this share corrected by around 10%. I'm not saying it will happen, but it could. If it does, there's still no cause for concern and the share still looks very healthy. In that case, ESST will close the position.
There is a saying that goes, "April does what it wants," perhaps this also applies to the stock market...?
I wish you a happy Easter.
Sincerely,
Henry van Ginkel