The Friday Fletcher Report: June 5, 2026

Hello and welcome back. Today's June 5th, and this is the Fletcher Friday Report — a regular check-in on how the Fletcher algorithm is doing against the S&P, week by week, month by month, year to date. No signals, no actions today, just the numbers.

Quick refresher for anyone new: Fletcher is an algorithm I built to outperform the S&P without letting my own feelings or market sentiment drive the decisions. It follows a set of rules that generates three to six stock picks — buy, sell, or hold — delivered monthly through a subscription. I'm just an individual investor here, not a financial planner or advisor, so nothing in this report should be taken as advice. It's purely information, shared for whatever it's worth.

What a Week

Let's just say it — Friday turned into a big reset. If your portfolio took a hit, you weren't alone. Fletcher gave back a fair amount, and so did my other investments. It'll be interesting to see how the weekend news cycle shapes Monday's mood.

Honestly, my take is that this reset was overdue. The gains we've seen lately have been huge — almost uncomfortably so. My brother and I talk often, and I told him recently I was getting a little queasy watching things climb that fast. It's that roller-coaster feeling — the anticipation of what's waiting just over the hill. Today felt like the market finally found a new floor to stand on.

I'm not technically minded enough to break down exactly why, but I know jobs news played into it. Reading through some of the headlines, a lot of it struck me as a little overstated, even hyperbolic. My approach is usually just to ask myself: okay, given this headline, what do I actually think?

Bloomberg ran a headline along the lines of Wall Street's hot weekly streak ending as a tech sell-off and rising bond yields dragged stocks down. Fair enough — but didn't we sort of see that coming, given how hot things had been running?

The Street had something similar, noting that the Nasdaq dropped roughly 4% as a semiconductor slide erased about $1 trillion in market value. Makes me curious how much value was added over the past two or three months — maybe that trillion is just a small slice of it. I don't have the exact number, but it seems like we're roughly back to where things stood in early May. So it's not like we erased six months of gains.

Then there was the "worst day of the year" headline — Nasdaq and S&P 500 both having their toughest day as AI stocks pulled back and rate-hike odds climbed. "Worst day" sounds pretty dramatic, but is it worth reacting to? Technically, sure, it was the worst day. But zoom out a month or two, and it's not like we gave up all that much.

Fletcher's Week

Monday, June 1st, was actually a signal day — Fletcher sent out its usual round of buy, hold, and sell calls. A little ironic timing, getting signals at the start of a week that ended this rough. Might've played out differently with Friday's timing instead, but who knows — I don't second-guess the algorithm, I just follow it. And either way, one week is never enough time to judge Fletcher fairly (or honestly, to judge much of anything).

The Numbers

- This week: Fletcher -9%

- Year to date: Fletcher 144% (down from 169% last Friday), S&P +8%

That's a meaningful pullback from last week's number, and yes, it stings a little to watch. But keeping things in perspective — 144% is still a number I'm happy with, especially stacked against the S&P's 8%.

## Reader Questions

"Is Fletcher tech heavy?"

Right now, yes. Tech is where most of the movement and opportunity has been lately, so that's where Fletcher's signals have been concentrated. That said, Fletcher itself is industry-agnostic — it's just as likely to point toward a financial stock, a consumer name, or an energy play depending on conditions. The current tech tilt is more a reflection of where the opportunities have been the last few months. Backtesting shows it spreading across all kinds of sectors over time.

"Is Fletcher better suited for a retirement account or a regular taxable account?"

Good question, and one with some nuance. Because Fletcher sends new signals every month, you end up generating a decent amount of short-term capital gains. On the flip side, I mentioned last week that roughly one in three Fletcher picks ends up negative, which gives you some losses to offset those gains. In a perfect world, I'd have all my Fletcher holdings tucked inside a Roth. Realistically, mine are spread across a few different accounts based on how my overall assets are allocated.

One more note on the capital gains front: Fletcher doesn't always rush to sell. Sometimes a stock sits in the "hold" position for months at a stretch — I haven't seen one go past six months, but three, four, or five months isn't unusual, letting gains build before a sale.

That wraps up another week in the books for Fletcher. I wish I could call it a positive one, but a pullback is a pullback. Thanks for reading along — send over any questions you've got. Want to dig deeper into how Fletcher works? Visit FletcherInvestor.com.

Have a great week, and I'll see you back here next Friday.