Week 6-nov 21st to nob 27th stock market analysis and portfolio
During the week of November 21st to 27th, 2022, the stock market saw a dip in prices as investors reacted to rising interest rates and concerns over inflation. This resulted in losses for many stocks across sectors such as technology, financials and consumer discretionary. As a result, my StockTrak portfolio also suffered losses due to its focus on these sectors; however I was able to mitigate some of the impact by diversifying into other areas such as healthcare and industrials which fared better during this period.
Overall my portfolio ended up declining 4% during this week compared to the S&P 500’s 3% drop. Ultimately this decline was expected given the market conditions at that time; however I believe that by carefully managing my investments and staying focused on long-term goals I will be able to recover from any short-term losses due to volatility in order achieve desired returns going forward.