The market continues to hang in there no matter what the bad news is. To me, it is impressive and a tell that the market wants to go higher..right now we’re still stuck in a trading range – even Brexit cannot shake the S&P out of it. I am expecting that 2100 level to be taken out perhaps after the US Elections? It feels pressure is building in the market for a major rally to the upside, i am still waiting for hysteria and a parabolic move higher before i consider lightening stocks, there is so much negativity out there.
June was a decent month for dividends and i brought in $1127.64, not bad for not really doing anything. I did sell some dividend stocks to fund some active trading positions to take advantage of the leg down in the market, i will see if this was a smart decision in about 3 months. In June 2015, i made approximately $535 so i doubled my income year on year, not bad but still could do better.
Brexit out of the way, perhaps the summer lulls return until the US election or earnings season. Either way i just keep accumulating quality blue chips when they go on sale.
I hope you had a great June month!