Last Week’s Income Report:
April 12, 2021
Last week was another good one for stocks, with the S&P 500 hitting a new record high on Friday. This marks the longest winning streak for the index since October.
I read an interesting article on CNBC last week, titled: “Investors have put more money into stocks in the last 5 months than the previous 12 years combined.”
According to Bank of America, global equity funds have seen $569 billion in inflows since November, compared with $452 billion during the bull market of 2009 to 2020.
This move into stocks reflects consumer confidence in the economic recovery as we emerge from the coronavirus pandemic. It’s also a result of the surge in retail investing.
That statistic is striking; however, it doesn’t tell us anything about where the market is headed. Past performance, as they say, is no guarantee of future results.
Speaking of past performance, though, as I mentioned last week, we closed 10 successful positions in a row in Options Income Blueprint in March, generating $638 in income.
April is shaping up to be even more profitable. In just the first nine trading days of the month, we’ve booked five winners, earning $624 in income.
Below is a quick rundown of this month’s closed trades.
Earnings season kicks off this week. With sentiment running high and stocks trading with lofty valuations, companies won’t have much room for error. Those that miss or only meet expectations could see their stock sell off sharply following the announcement.
However, the heightened volatility during earnings season is actually something I look forward to as an option seller.