How could I have been so stupid?

But there's good news here. [Unsubscribe]( [Image] [Image] Weekly Market Update Today is May 26, 2023 Dear Reader, Hello again and Happy Friday! Tomorrow is the first day of the always-welcome Memorial Day weekend which marks the unofficial beginning of summer. (Yes, I know all about the solstice. But who cares what the sun is doing. Let’s hit the beach, even if only unofficially.) Bill Spencer Editor-In-Chief True Market Insiders Before we get to the stock market, I have an embarrassing confession. For years I walked around reflexively thinking (and saying) that “days get longer in summer.” Of course the flipside of that is, “days get shorter in winter.” Imagine my chagrin when it was pointed out to me (by my sadistically gleeful nephew Michael) that, in fact, the opposite is true. How could I have been so dumb? June 21 is the day of the year that stays light the longest. After June 21st, each day has slightly less and less sunlight. I knew that much. But June 21 is the “first day of summer.” That must mean – stay with me here – that the days get shorter and shorter as summer rolls on. Likewise winter. After the shortest day – December 21st – the days get longer as winter drags on. Once I realized how wrong I’d been in thinking the days grew longer in summer, I wondered what put the idea into my head. I think it’s because it just feels like that’s what happens. Summers are long. The days must all be long as well. Or, most likely, I had heard it somewhere and just accepted it. Never really thought about it. Curious, I started asking people what happens to days in summer. Almost everyone answered, “they get longer.” Try it. Pick a few friends and ask. I bet most give the wrong answer. What does any of this have to do with the stock market? Only that, often, you could ask people how the market is doing, and they’ll give you… not necessarily the wrong answer… But an answer that’s not particularly helpful. They give the answer that they’ve heard on the news and don’t think more about it. But it’s when you do think about it that you realize how off the mark you can be about your assessment of the market. Between March 13 and May 19 the S&P 500 gained +10.60%. The yellow highlight region shows the date range we’re talking about. The Dow Jones Industrials gained +6.41%. And the tech-heavy Nasdaq Composite put up gains of +15.92%. I guess “the market” was doing pretty good!   14-Year Fox’s New Veteran and Wall Street Titan [reveals proprietary trading system]( on air for the first time in his 30-year career. Remember, timing is crucial when it comes to seizing opportunities in the market. [Do so now](.   But look at this… That’s a performance chart (or “perf chart”)showing the performance of the 11 broad market sectors during the period we’re talking about. So how’s “the market” looking now? It depends on where you look. From left to right, here are those 11 sectors and their performance. Consumer Discretionary: +5.75% Communication Services: +13.67% Technology: +14.98% Industrials: -1.48%... Materials: -2.78%... Energy: -2.29%... Consumer Staples: +1.96%... Healthcare: -1.47%... Utilities: -1.82%... Financials: -0.81%... Real Estate: -4.10%. The difference (or “dispersion”) between Technology (the best-performing sector) and Real Estate (the worst-performing) was greater than 19%. Had you put $10,000 into, say, XLK – an ETF that tracks Technology – you’d have turned it into $11,498. If you’d put that same $10,000 into XLRE, which tracks Real Estate, your ten grand would have shrunk to $9,590. The difference is $1,908. And all without doing any extra work. Just for being in the strongest sector of the market and avoiding the weakest. And that is why the best market guidance you’ll ever receive is: focus on the sectors. What’s more, “there’s always a bull market somewhere,” meaning that you can almost always find sectors worthy of your investment capital. So the next time you hear that “the market” is doing good or doing bad… Keep that in mind.   Of course, the Holy Grail of investing is to… 1. Be in the best sectors… 2. While buying the best stocks in those sectors. And that’s where Tobin Smith comes in. Tobin’s 1,000-plus network of experts – his eyes and ears – vet every opportunity and only pass along the very best. [Here’s a replay of Tobin’s recent sit-down]( where he shows you how well his approach to the market works.   Thanks for reading, and have a great Memorial Day weekend. See you next week. Bill Spencer Editor-in-Chief, True Market Insiders [Transform Your Retirement by Riding the A.I. Wave]( [This Market Looks Weak and Weaker]( [Let’s Make Money While Living Forever](   [True Market Insiders' Portfolio Track Record] You can [change your preferences here]( DISCLAIMER ©2023 by True Market Insiders, LLC, Protected by copyright laws of the United States and international treaties. 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