POCKETBOOK:Week ending March 4, 2017


  • A winning high in no time at all.

 It only took 24 days for the DJIA to gain 1000 points  when it closed for the first time over 2100.

The only other time that has happened in the history of the DJIA was in 1999 when the Dow rose from 10,000 to 11,000. And that was during the internet boom, according to CBSMoneyWatch.


  • Market Quick Glance

 More ups. More records. Even a birthday…..

Let’s begin with the birthday. On Saturday, March 4, 2017, the S&P 500—-the world’s biggest stock market index—-turned 60!

Investors turn to the S&P 500 index because it provides them with a better overall look at how large-cap stocks are doing than the snapshot the 30 stocks that make up the DJIA do.

Back to the mores….last week  still more highs for the major indices were reached as the  week  came to a close. Details below.

Below are the weekly and 52-week performance results— including the dates each has reached its high according to data from CNBC.com. Data is based on prices at the close of business for the week ending March 3, 2017.


-Dow Jones + 6.29% YTD, up from last week’s 5.36%

  • 1yr Rtn +23.97% down from last week’s 26.31%

The DJIA reached a 52-week high of 21,169.11 on March 3, 2017. (Previous all-time high of 20,840.7 was reached on Feb. 23, 2017.)


-S&P 500 +6.44% YTD up from last week’s 5.74%

  • 1yr Rtn +19.55% down from last week’s +22.67 %

The S&P 500 reached a 52-week high of 2,400.98 on March 1, 2017. (Previous all-time high of 2,368.26 was reached on Feb. 23, 2017.)


-NASDAQ +9.06% YTD up from last week’s +8.59%

  • 1yr Rtn +24.71% down a lot from last week’s 28.68%

The Nasdaq reached a 52-week high and its all-time of 5,911,79 on March 1, 2017. (Previous all-time high of of 5,867.89 was reached on Feb. 21, 2017.)


–Russell 2000 +2,73 YTD% down a hair from last week’s +2.76 %

  • 1yr Rtn +29.56% down considerably from last week’s +36.44 %

The Russell 2000 reached its 52-week high and its all time high of 1, 414.82 on March 1, 2017.( Previous all-time high of 1,410.04 was reached on on Feb.21, 2107.)


-Mutual funds

Still on the upswing.

The average total return for U.S. Diversified Equity Funds closed up at 5.22% at the close of business on Thursday, March 2, 2017, according to Lipper. That’s up from the previous week’s close of 4.82%.

World Equity Funds were up on average 6.16% with India Region and Latin American Funds continuing to lead the way— up 11.97% and 10.41% respectively, on average.

Looking at the 25 largest mutual funds around (based upon assets), PowerSharesQQQ Trust1 was up the most at 10.50% year-to-date, as of March 2, 2107. Next in performance line  iShares Russ 1000 Gr ETF, up 8.43% and then the American Funds Growth:A, up 7.68%.

The puniest returns out of this group were seen in funds with substantial fixed-income holdings: As in the iShares: Core US Agg Bond fund, up 0.18; the DoubleLine: Total Return; I shares, up 0.24%; and the Met West: Total Return up 0.33%.

Visit www.allaboutfunds.com for more information about how various equity and fixed-income funds have rewarded investors over the short-and long-term, based upon Lipper data. Short-term meaning weekly and monthly performance returns; longer-term includes quarterly, year-to-date, 1-yr, 2-yr, 3-yr and 5-yr returns.


  • Like defense?

If you’re a believer that the new administration is going to increase defense spending big time in the near future, Morningstar covers a half-dozen defence contractor companies that you might to investigate as well.

The Chicago-based investment research group considers these companies as “fairly valued to overvalued” and include Lockheed Martin (LMT); Northrop Grumman (NOC); Raytheon (RTN); General Dynamics (GD); Boeing (BA) and L3 Technologies (LLL).

Make sure to do your own research and homework before investing in these companies. Or anything, for that matter.








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