When it’s your turn at the table, remember to add Google to your list of things to be thankful for.
Google stock has doubled off April lows, adding over $2 trillion of value – and 20% of the S&P 500’s total returns this year.
Google’s rally this year is responsible for nearly 20% of the S&P’s returns. (Source: econovis.net)
It’s been a year. In July, Google avoided an antitrust breakup. Buffett’s successor at Berkshire Hathaway, Greg Abel, added the search ecosystem to its portfolio in Q3.
Last week, Google unveiled AI chip lines that are competitive with Nvidia.
All good for your 401(k), even if the historic level of market concentration in Mag 7 stocks got more pronounced.
So, gratitude for Google first. But take it with a dash of caution. The market giveth. And the market takes away.
Take some profits off the table… you’ll thank us later.
~ Addison
P.S. While this is a holiday-shortened week, we’ve arranged for a unique video presentation of Tim Sykes’ novel trading strategy on Thanksgiving Thursday.
Tim is one of the top traders in the game today – and he’s sharing details on a strategy he uses to find stocks on Fridays that will likely pop on the Monday open after a restful weekend.
Tim’s innovative strategy will be worth your consideration:
If you have requests for new guests you’d like to see join us for Grey Swan Live!, or have any questions for our guests, send them here.
