This week in the stock market ended on a very sour note. The problems of Silicon Valley Bank (SIVB) took most people by surprise, myself included. It looks like they are going bankrupt. Very sad for the people who work there and the investors who put their trust in the SIVB management. I had a few shares of this stock myself. I took the recommendation of a third party stock service. That recommendation looks pretty foolish now!
On a brighter note, my swingtrader.trading Model Portfolios are still in positive territory for the year. All three Portfolios continue to beat their respective benchmarks. The current to date results are below along with their respective backtest results.
In the three Model Portfolios, Mid Cap Flyers, Small Cap Discoveries and My Guru’s, there was not updates this week.
Performance 2023 to date
| MC Flyers | 1.52% |
| MDY | 1.17% |
| SCD | 5.45% |
| IJR | 1.62% |
| SPY | 0.91% |
| My Guru’s | 7.19% |
| SPY | 0.91% |
Backtest of the three portfolios
| Mid Cap Flyers | 2072.84% |
| Small Cap Discoveries | 22273.77% |
| SPY | 396.63% |
| MDY | 322.82% |
| IJR | 422.70% |
| My Guru’s | 391.69% |
| SPY | 114.10% |
Position Trader 