AI Small Cap Stocks Portfolio declined 23% in April but was up 2.5% w/e May 3rd and another 3.0% w/e May 10th.

The S&P 500 faded today ahead of a looming raft of inflation data we’ll see over the next few days.

Our AI Small Cap Stocks Portfolio declined 23% in April but improved last week with 7 of the 10 constituents advancing outperforming the Global X Artificial Intelligence & Technology ETF (AIQ) which only went UP 1.5%, but is still DOWN 28.5% YTD.

All 54 constituents in the 7 AI category portfolios tracked by munKNEE declined in April so it is no surprise that such weakness was also the case with the 10 stocks in the Small Cap AI Stocks Portfolio.

During the first week of April 6 of the 10 stocks in the Index declined with the Index down 20.5% YTD. The decline broadened this past week with all 10 constituents declining with the Index now down 27.7% YTD.