POCKETBOOK:Week ending Aug. 25, 2017


  • Golden rewards

All lovers of the golden stuff do have something to crow about—at last. According to CNBC.com, at the end of last week, gold futures were up 12.2% beating the year-to-date return for the S&P 500 of 9.3%.

If that spread for the glittering stuff continues to beat that index through year’s end, it would be the first year in six—since 2011—that gold has beaten the performance of the S&P 500.

On Friday, gold closed at 1,297.90.


  • Market Quick Glance

A total turnaround  as all four indices followed here gained points in both their year-to-date and 1-year returns  last week.

That said, ya gotta love this finicky old bull. He just keeps on roaming the street with perhaps not as much zeal as he once had, but he’s still moving. Something that’s impressive for a bull market that’s basically an old cocker at 9 years of age.

Below are the weekly and 1-year index performance results— including the dates each reached new highs— according to data from CNBC.com. Data is based on prices at the close of business for the week ending on Friday, Aug. 24, 2017,                                         2017.

-DJIA + 10.38% YTD up from last week’s +9.67% and the previous week’s 11.79%.

  • 1 yr Rtn +18.244% up from last week’s 16.54%

No new all-time highs for the DJIA were registered during the business week ending 8/25/17.

The DJIA reached its most recent all-time high on August 8, 2017 of 22,179.11

(Previous highs since March include: August 4, 2017 of 22,092.81; 21,841.18 on July 28, 2017; July 14, 2017 of 21,681.53; July 3,2017 of 21,562.75; 21,535.03 on June 20, 2017; 21,391.97 reached on June 14, 2017; 21,305.35 on June 9, 2017; 21,225.04 on June 2, 2017; and 21,169.11 on March 1, 2017.)


-S&P 500 +9.12% YTD up from last week’s 8.344% and the previous week’s 10.63%.

  • 1yr Rtn +12.45% up from last week’s +10.91%

The S&P 500 reached its most recent all-time high on August 8, 2017 of 2,490.87.

(Previous high of 2,484.04 was reached on July 27, 2017 and 2,477.62 was reached on July 20, 2017. Prior to that date new highs and dates include: 2,463.54 on July 14, 2017; 2453.82 on June 19,2017; 2,446.2 reached on June 9, 2017; 2,440.23 reached on June 2, 2017; 2,418.71 reached on May 25, 2017; 2,405.77 reached on May 16, 2017; 2403.87 on May 9, 2017; 2,400.98 reached on March 1, 2017.)


-NASDAQ +16.39% YTD up from last week’s +15.48% and the previous week’s


  • 1yr Rtn +20.21% up from last week’s 18.63%

The Nasdaq reached its most recent all-time high of 6,460.84 on July 27, 2017.

(Previous highss include: July 20, 2017 of 6,398.26; 6,341.7 on June 9, 2017; 6,308.76 on June 2; 6,217.34 reached on May 25; 6,170,16 on May 16; 6,133 on May 9, 2017; 6102.72 on May 2, 2017; 6074.04 on April 28, 2017; and 5,936.39 on April 5, 2017.)


-Russell 2000 +1.50% YTD up from from last week’s +0.05% and the previous week’s +1.26%.

  • 1yr Rtn +11.08% up from last week’s +9.78%

The Russell 2000 reached its latest all-time high on July 25, 2017 of 1,452.09.

(Previous highs include: 1,452.05 on July 21, 2017; 1,433.789 on June 9, 2017; 1,425.7 reached on April 26, 2017 and of 1,414,82 reached on March 1, 2017.)


-Mutual funds

Just as the major indices closed higher last week than they had during the previous one, so too did the average U.S. Diversified Equity Funds y-t-d return.

The average cumulative total reinvested return for funds under that broad heading on Thursday, August 25, 2017 was 7.36%.That’s lower than the previous week’s close of 6.73 %. But not as high as it was at the close of the week previous to it of 8.93%. Or the one before it of 9.59%. And the one before it of 9.84%.

Gobs of money left the coffers of U.S. equity funds last week and moved into funds that invest their assets around the world. As once again, World Equity Funds continue to reward their investors as they closed the week up, on average, 19.29%. That’s up from the 18.07% of the previous week’s close.

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.


  • A million dollars ain’t enough

Turns out, having a goal of a retirement nest egg with $1 million in it won’t get you as far as you probably once thought.

With health care costs likely to take the biggest chunk out of that bounty—like 25% of it—in which state you live could also deplete it sooner than expected.

For instance, live in Hawaii and one million bucks will last 11.9 years in that Don Ho Tiny Bubbles state, according to Bloomberg.com. In California a retiree could eek out a few more years—16.4—before going bust.

Think states such as Alabama an Arkansaw if you’d like to get the most bang for your retirement living bucks.










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