The second quarter of 2021 saw a number of rallies and retreats finally ending at or near all-time highs. During the quarter each of the three major indexes attained record highs, the S & P 500 (06/30/21), Dow Jones (05/10/2021), and Nasdaq (06/29/21). The CBOE volatility index or VIX has fallen below 20 to 15.8 on June 28th.
At the end of the first half of the year, the SPY ETF had a year-to-date increase of 15.25 % while the DIA ETF was up about 13.74 %. In contrast, the RiverTree portfolio saw a year-to-date increase of 15.7%. Portfolio earnings included a mix of options premiums, stock appreciation, and dividend payments based. During the quarter between eight and nine thousand dollars were held as a cash reserve and not actively traded.
The stock market has continued to experience a broad rally with an economic recovery that has raised all sectors. During the quarter the RiverTree portfolio has held several sector ETF positions including XLB, XLC, XLE, XLF, XLI, and XLK. The concerns of business media including inflation, interest rate hikes, and unemployment continue to attenuate trading, however, low volatility appears to favor a bullish disposition.