BiQ: Weekly Recap for February 2, 2025 (Premium)

Welcome to the BiQ Weekly Recap #2!

I'm sending out the Weekly Recap a little early this weekend as I may not be available to work on it tomorrow, which has the added benefit of giving Members all of tomorrow to consider the information presented.

The week seemed to be going well, with the XBI forming a double bottom near the 92 level and then running to the 95 level by Friday afternoon. However, confirmation from the Trump Administration that broad new tariffs would go into effect over the weekend abruptly reversed Friday's rally, with the XBI ending the week nearly flat as political headlines continue to drive market volatility.

Since BiQ is not a trading site, my focus remains squarely on the long-term picture while mostly ignoring near-term volatility (unless it is specifically relevant to a particular thesis.) Still, equanimity can be a challenging trait to master. I was reminded of this on Friday while serving Jury Duty.

I checked my portfolio during my first break and saw that it was up by over 4%--which allowed me to happily focus on the Prosecution's arguments for the rest of the morning. When I next checked my portfolio at lunchtime, however, it was down by around 0.1%--what?! I admit that the rest of the afternoon suddenly seemed to go by a lot more slowly.

Talking about equanimity is easy. Practicing it--not so much.