Here is what caused the wild swings in our 34-stock portfolio last week

The S & P 500 closed lower on Friday but slightly higher for the week. It briefly topped 7,000 for the first time ever Wednesday. There was no storage of news: Ten portfolio names, including three of our megacaps, reported earnings throughout the week; the Federal Reserve held interest rates steady on Wednesday; software stocks got crushed Thursday; and President Donald Trump on Friday announced his pick to replace Jerome Powell as chairman of the Fed. .SPX .IXIC mountain 2026-01-26 S & P 500 vs. Nasdaq sin ...