Crystal Springs
Franklin is the final scheduled portfolio review for 2024. Instead of a Santa Clause rally we appear to merit only lumps of coal. Is the market “girding its loins” for four years of chaos? As I mentioned some time ago, we are likely to see some buying opportunities in the near future. Several limit orders were struck this morning as the market took a dive.
Franklin Sector BPI Portfolio
Based on last Friday’s data, three sectors were positioned in the oversold zone. They are: Materials, Energy, and Health. I checked the sector BPI data moments ago and Industrial is pushing the oversold limit with a reading of 32% bullish.
Franklin Performance Data
Since 12/31/2021 the Franklin lags the SPY benchmark by less than one percentage point. Assuming the oversold sectors outperform the S&P 500 over the next few months we will see the Franklin pull ahead of its benchmark. This is a good test of the Sector BPI investing model.
Franklin Risk Ratios
The Jensen Performance Index is back into negative territory, not helped at all by today’s market decline. It has been nearly a year since we have seen this poor a performance.
The one bright spot is the positive slope of the Jensen.
Franklin Portfolio Review: 21 July 2023
2025 is a particularly difficult year to predict for stocks due in large part to the incoming incompetent administration. We will have a better handle on what is likely to happen to investments once spring arrives.
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