{"id":15004,"date":"2023-12-13T14:34:01","date_gmt":"2023-12-13T20:34:01","guid":{"rendered":"https:\/\/fundamentalis.com\/?p=15004"},"modified":"2023-12-13T14:36:36","modified_gmt":"2023-12-13T20:36:36","slug":"2023-laggards-play-catch-up-since-10-31","status":"publish","type":"post","link":"https:\/\/fundamentalis.com\/?p=15004","title":{"rendered":"2023 Laggards Play Catch-Up since 10\/31"},"content":{"rendered":"<p>Have never done this before but a number of laggards in 2023 have suddenly started to catch fire, since the 10\/31\/23 bottom.<\/p>\n<p>Here&#8217;s just a few of the names owned by clients:<\/p>\n<p>SPY: +22.7% YTD return as of 12\/12\/23 close, vs the +10.58% YTD return as of 10\/31\/23<\/p>\n<ul>\n<li><em><strong>JP Morgan (JPM):<\/strong><\/em> +22.6% YTD return as of 12\/12 close, vs +6.72% as of 10\/31;<\/li>\n<li><em><strong>Charles Schwab (SCHW):<\/strong><\/em> -21.25% YTD return as of 12\/12, vs -36.6% return as of 10\/31;<\/li>\n<li><em><strong>Citigroup (C):<\/strong><\/em> +10.86% YTD return as of 12\/12, vs -15.16% YTD return as of 10\/31;<\/li>\n<li><em><strong>Goldman Sachs (GS):<\/strong> <\/em>+5.75% YTD return as of 12\/12, vs the -12.87% return as of 10\/31;<\/li>\n<li><em><strong>Boeing (BA):<\/strong><\/em> +30.52% YTD return as of 12\/12, versus the -1.93% YTD return as of 10\/31;<\/li>\n<li><strong><em>ITA ETF:<\/em><\/strong> +11.40% YTD return as of 12\/12, vs the -4.20% return as of 10\/31;<\/li>\n<li><em><strong>Nike (NKE):<\/strong> <\/em>+3.44% YTD return as of 12\/12, vs the -11.30% return as of 10\/31;<\/li>\n<\/ul>\n<p>(Returns sourced from Morningstar as of 12\/12\/23)<\/p>\n<p>The Boeing (BA) reversal is most impressive. It&#8217;s still a &#8217;25 &#8211; &#8217;26 story too.<\/p>\n<p>Some of these are top 10 client holdings, but most are not. Some are knocking on the door now.<\/p>\n<p>None of this is advice or a recommendation. Just pointing out to readers what looks to be catching a bid. Past performance is no guarantee of future results. Investing can involve loss of principal.<\/p>\n<p>Thanks for reading.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Have never done this before but a number of laggards in 2023 have suddenly started to catch fire, since the&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[60,27,11,36],"tags":[],"class_list":["post-15004","post","type-post","status-publish","format-standard","hentry","category-gs","category-jpm","category-nke","category-schw"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/15004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15004"}],"version-history":[{"count":3,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/15004\/revisions"}],"predecessor-version":[{"id":15007,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=\/wp\/v2\/posts\/15004\/revisions\/15007"}],"wp:attachment":[{"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundamentalis.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}