Q: What’s driving the stock market?
Whereas, the black line is the S&P 500 stock index commonly used to represent the US stock market, and the red line is the Total Securities Held Outright by All Federal Reserve Banks. The Fed Balance Sheet is at a current level of 6.256 TRILLION.
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Mike Shell is the founder and chief investment officer of Shell Capital Management, LLC, a registered investment adviser, and portfolio manager of ASYMMETRY® Managed Portfolios. Client accounts are held in each client’s own name at Goldman Sachs, which holds the money, handles deposits and withdrawals, executes the trades, keeps the accounting and sends the statements. Shell Capital makes the investment decisions.
ASYMMETRY® Observations are provided for general informational and educational purposes only. They do not constitute investment advice, a recommendation, or an offer to buy or sell any security or investment strategy. The content is not intended to be a complete description of Shell Capital’s investment process and should not be relied upon as the sole basis for any investment decision.
Any securities, charts, indicators, formulas, or examples referenced are illustrative and are not intended to represent actual client portfolios, recommendations, or trading activity. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
Opinions expressed reflect the judgment of the author at the time of publication and are subject to change without notice as market conditions evolve. Information is believed to be reliable but is not guaranteed, and readers are encouraged to independently verify any information before making investment decisions.
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