M1 Finance Portfolio: Dividend Aristocrats 2020 - Week 30 (May 8th, 2020 - $428.85)

Week 30 - $428.85

Stock prices continue to rise even as unemployment numbers reach levels not seen since the Great Depression and more businesses teeter on the verge of bankruptcy.

Total Report (Since October 11th, 2019)

Positive Performing Sectors
1. Healthcare (+6.99%)

Negative Performing Sectors
2. Consumer Staples (-1.51%)
3. Materials (-6.78%)
4. Information Technology (-9.16%)
5. Industrials (-13.67%)
6. Consumer Discretionary (-14.07%)
7. Energy (-16.72%)
8. Communication Services (-21.30%)
9. Utilities (-21.66%)
10. Financials (-26.02%)
11. Real Estate (-31.77%)

Weekly Report (May 8th, 2020)

Positive Performing Sectors
1. Energy (+6.88%)
2. Materials (+5.33%)
3. Information Technology (+3.95%)
4. Industrials (+3.80%)
5. Real Estate (+2.94%)
6. Healthcare (+2.69%)
7. Consumer Staples (+2.66%)
8. Consumer Discretionary (+2.10%)
9. Financials (+0.76%)

Negative Performing Sectors
10. Communication Services (-0.23%)
11. Utilities (-3.29%)

GICS Sector Performance Ratio - Balanced: From 8:3 (72.73%) to 9:2 (81.82%)

Review

Across the board, stocks saw staggeringly high gains this week. Despite a record unemployment number that has practically wiped out all jobs added since the Great Recession, there is a growing expectation of economic recovery as more states begin to phase in economic reopening plans and more progress for testing, treatments, and development for a vaccine against COVID-19 take shape. While the recent highs in the past few weeks has garnered significant progress in recouping the stock price losses suffered from its peak back in late February, the stock market is still only halfway back from its original levels. Coupled with extended quarantines for some areas and indeed for some business sectors, and it is unlikely that the economy will fully recover rapidly and instead become protracted over the next few quarters if not years down the line. Thus, it is reasonable to assume that the market will remain bearish and continue to experience further drops as future reports reveal the state of economic damage the crisis has caused and the progress made to recover from it.

---

Last Week's Update (May 1st, 2020)
M1 Finance Platform Referral Link: https://m1.finance/UIl_N9XNA_CO
M1 Finance Dividend Aristocrats 2020 Pie: https://m1.finance/quB1JH2k6