LikeFolio Weekly Roundup

​The S&P 500 entered correction territory earlier this week, declining over 10% from its February highs. However, Friday trading is showing signs of recovery, with the index trending higher as of this writing.​

Historically, the S&P 500 has demonstrated resilience following corrections. 

On average, the index has gained approximately 15% in the 12 months after entering correction territory.

In addition to market movements, recent economic data indicates a cooling of inflation. The Consumer Price Index (CPI) increased by 0.2% in February, bringing the year-over-year inflation rate to 2.8%, down from January's 3%. Core CPI, which excludes food and energy prices, also rose by 0.2% and is up 3.1% over the past year. 

This marks the lowest annual core inflation reading since April 2021.

Overall, the modest rise in core inflation suggests that underlying price pressures are easing, providing the Federal Reserve with greater flexibility in its monetary policy decisions.

Despite these positive signs, concerns remain regarding ongoing trade tensions. Tariff announcements, particularly targeting European goods, have contributed to market volatility.

Here’s an overview of the biggest news and largest movers in our portfolio in the last week through close on Thursday, March 13:

Infinite Hold Update

Tesla (TSLA): An interesting dynamic is unfolding with Tesla demand, with several major catalysts over the last week:

• Presidential Endorsement: President Donald Trump publicly demonstrated his support for Tesla and CEO Elon Musk by purchasing a red Model S during an event at the White House. Trump highlighted Musk's patriotism and condemned recent acts of vandalism against Tesla properties, labeling them as "domestic terrorism." ​

• Product Expansion: Tesla plans to produce a more affordable version of its Model Y SUV, aiming to reduce production costs by at least 20%. This initiative is expected to strengthen Tesla's position in the Chinese market and will also extend to Europe and North America. The new model is slated for mass production in 2026. ​

• Brand Resilience: Despite recent protests and acts of vandalism targeting Tesla properties, the brand continues to attract consumer interest. Notably, online searches for terms like "buy Tesla," "new Tesla," and "Tesla models" have surged, indicating growing consumer interest. This trend suggests that public curiosity and demand for Tesla vehicles remain robust, even amidst media pressures to crush the brand. 

Bitcoin: Bitcoin is pushing higher today alongside the rest of the market, closing the week out up 5%.

Amazon (AMZN): AMZN shares are trading -18% off February highs during this market pullback. This presents investors with an intriguing accumulation opportunity. We continue to see an enormous growth runway in advertising and cloud offerings. 

Portfolio Update

Most of the names in our portfolio closed Thursday in the red. Some stocks are holding steady.

Others?

They’ve taken a massive hit—down double digits in just weeks. Ouch.

It’s unsettling. The red numbers make you question everything. Maybe it’s frustration. Maybe it’s panic. Either way, it’s uncomfortable. And it’s tempting to hit sell, just to stop the pain.

That’s exactly why we put this video together.

In it, Andy breaks down the psychological element at play here that you may not be considering—one that could make all the difference in how you think through moments like this.

It’s worth a watch!

MARA Holdings (MARA): -24%

The White House announced its plans for a United States Bitcoin Reserve, signifying a major shift in the U.S. Government’s attitude towards Bitcoin. However, the executive order included no plan to purchase or acquire any more Bitcoin aside from those obtained seized through forfeiture. While the plan provides no immediate benefit for MARA, the long term shift towards a crypto supportive government stands to be beneficial in the long term.

Robinhood (HOOD): -18%

Robinhood (HOOD) is down again this week as the financial sector continues to face a broad selloff and economic concerns place strain on the company. At the end of last week, it was announced that Robinhood settled multiple investigations with the Financial Industry Regulatory Authority (FINRA) following inadequate addressing of trade processing delays. Robinhood also continues to make strides into cryptocurrency trading, as the platform added three new meme coins this week. 

The Trade Desk (TTD): -16%

This week, The Trade Desk faced a class action lawsuit claiming it misled investors about execution issues with its AI tool, Kokai. We see this as an overreaction—TTD openly discussed the slower-than-expected rollout on its last earnings call, and the stock had already taken a major hit in response. 

FiscalNote (NOTE): -13%

FiscalNote exceeded revenue and adjusted EBITDA expectations in Q4 and for the full year 2024, marking its first full year of positive adjusted EBITDA. Despite this, the stock dropped as investors focused on a revenue decline driven by non-core divestitures rather than the company’s improved margins and stronger balance sheet. With adjusted EBITDA margins expected to double in FY25 and free cash flow on the horizon, we remain optimistic about the company’s operational momentum. 

Apple (AAPL): -12%

Apple (AAPL) made headlines this week with reports that it plans to add live translation capabilities to AirPods as part of an iOS 19 software update. While Google’s Pixel Buds have had a similar feature for years, Apple's ecosystem integration could set it apart. The stock has pulled back alongside the broader market, but we remain bullish as the company prepares for a major software overhaul later this year. Investors should watch how AI-driven enhancements across Apple’s ecosystem contribute to long-term growth.