Published Sun, 03 May 2020 22:56:34 -0400 on Seeking Alpha
My +8.7% April performance lagged the +12.8% of the S&P 500 (crazy to be sad about a +9% month, but that is the world we live in).
However, my April dividends were up 27% from last year.
My dividend yields are now an insane 6.0% (versus the 2.2% mark for the S&P 500).
A bit of selling in April while I wait for the retest of the March lows.
Unless you are solely invested in Technology stocks, your portfolio is likely nothing but a sea of red this year (despite a bump off the lows in April). Basically everything is hurting (no shocker there), but that’s not what I’m focused on at the moment. I’m trying to figure out how supposedly ‘safer’ strategies managed to fail so spectacularly in the face of the virus-induced turndown versus 'riskier' strategies. First, some data:
Source: S&P Global
To me, it is exceptionally surprising (and frustrating) that the S&P 500 (which is more and more just a proxy for Big Tech) is crushing the YTD returns for the Low Volatility index by more than 400 pts. Even more surprising is that the S&P 500 Growth index is the strongest factor so far this year (only down 2%!). Literally nothing in my finance education or decade and a half of real-world experience would have let me to predict this. Many readers of my articles are longstanding sufferers at the Value rout of the last decade, but the proverbial volume has now been turned up to 11!
How this all works out is anybody’s guess (and really, we are all just guessing right now). Aside from the energy patch (which has deep woes far beyond COVID-19), anything can happen. What is clear is that we are in a recession (and an employment depression), but how deep and how long are a mystery. That is why I am fairly surprised to see the market down less than 10% YTD. The economy certainly feels more than 10% screwed up to me (remember that consumer spending is 70% of U.S. GDP).
All that said, stocks are certainly ‘on sale’ right... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|NEW RESIDENTIAL INVESTMENT||14.98||18.0||0.83||2.00||13.28|
|TANGER FACTORY OUTLET CENTERS||16.50||21.4||0.77||1.42||8.35|
|SABRA HEALTHCARE REIT||22.49||204.4||0.11||1.80||8.28|
|BLACKSTONE MORTGAGE TRUST||36.16||14.5||2.49||2.48||6.94|
|NATIONAL HEALTH INVESTORS||82.87||23.1||3.59||4.20||5.14|
|VORNADO REALTY TRUST||64.13||4.3||15.04||2.64||4.15|
|PROSHARES ULTRASHORT S&P 500||28.97||0.0||0.00||0.00||1.97|
|CEMEX SAB DE CV||3.87||18.4||0.21||0.05||1.23|
|ISHARES DOW JONES INTERNATIONAL SELECT DIVIDEND INDEX FUND||31.06||0.0||0.00||0.00||0.00|
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