On a day like this, even a small positive is to be cherished, made possible with a small component of spec plays that shine on the day, notably NC6 (+17%) and PUR (+10%).
Portfolio construct and position sizing can help determine return variability. IMO during more bullish times when we are in the middle of the rally (as opposed to tail end) concentrated portfolios (e.g all in gold, all in tech etc) do a good job when the sector is in a big upswing. We should know to reduce such concentration when the sector starts experiencing a downturn , rather than the exact opposite of doubling down.
Now I am looking at lower risk lower return with overall equities allocation still measured.
And the market does experience sector rotation so even in a less buoyant market, there can be opportunities, albeit at more modest potential returns.
