Weekly Market Outlook
For Institutional Investors Only
May 21, 2019
Glenn Williams Jr; CMT
215.280.8308
Glenn Williams Jr LLC
glenn@glennwilliamsjr.com
Weekly Update:
· Weekly summary of portfolio performance is outlined on pages 7, 8, and 9. Markets stabilized a bit on the week following a softening of rhetoric related to trade relations with China. The S&P 500 was up 1.01% last week (measuring from the 13th to the 20th), in comparison to a 4% decline in the week prior. The best performing stock in our watchlist was Hikari Tsushin (9435.jp), which finished the week 13.20% higher. The laggard on the week was IMMR, which declined 15.40%, a loss that would have caused us to exit the position were we to have gone long the stock.
· As this is being written, stocks in Asia are trading lower as reaction to the Trump Administration placing Huawei Technologies on an “Entity List”, is impacting market prices. https://s3.amazonaws.com/public-inspection.federalregister.gov/2019-10616.pdf