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Tuesday, October 11, 2016

Mirroring the Indices

My portfolio has basically been mirroring the S&P 500 for the past 2 months. It's a pretty boring allocation, to say the least. 

I was pretty hesitant to give an update; really, nothing has changed. There are some interesting little things to look out for, however. Skechers has not yet gained positive momentum, and their price action over the past quarter has been relatively flat. Currently it's trading at below its 50 and 200 day moving averages. They might be able to bust out a really good quarterly report on October 20th, and although they currently have pretty solid growth projections, a beat might be a really good catalyst. Of course, the effect on my portfolio would be just about negligible, but it still would be interesting to see.

The project with the professor has gone very well. He has been quite impressed with my work, and I am now working for his research institute by compiling historical bond prices from old periodicals. I will definitely be keeping in contact with him. I have gotten to be quite interested in seeing how the academic side of finance and economics could play a role in helping portfolio and fund managers make better decisions. 

I have been pretty busy with schoolwork, college applications, and the institute research. But I am obviously pretty comfortable with the conservative allocation I have currently, so I don't anticipate significant changes coming soon.

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