Since last month’s issue, we’ve seen continued volatility in the U.S. equity markets.
Trading volume was among the slowest this year; according to Dow Jones Market Data Group, the typical daily volume in the New York Stock Exchange is close to 5 billion. However, this year, it has been around 4 billion.


The second-quarter earning session is just around the corner. Investors are eager to see how companies are contending with soaring inflation and other factors, including the U.S. labor market participation.

A sudden surge in the U.S. dollar over the past year has bought good and relatively bad news for some firms. With the dollar strengthening, American companies with significant imports have benefitted from cheaper foreign exchange trade. Meanwhile, companies with a more global business are suffering because the strong dollar is affecting their performance.

WHAT TO DO NOW: Last week’s market action was disappointing, though it didn’t change any of our key indicators. Even so, we’re seeing some selling on strength appear, so we’re focused on managing our portfolio. Today we’re going to sell one-third of our solid profit in Palantir (PLTR), leaving us with 23% in cash.