POCKETBOOK Week Ending May 31, 2019

 

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  • I’m on vacation

After more than 20-years of writing this weekly blog, I’ve decided to take the month of June off. No blog. No market or mutual fund update. No opinion.

Not sure how successful I’ll be at keeping my fingers off the keyboard but I’ll give it a try.

In the meantime, if you’re a day trader, market volatility is not your friend unless you are a really skilled and lucky day trader. Which, most people aren’t.

If you’re a long-term investor, market ups and downs are a natural part of the deal. Buckle up.

Some thoughts: Re current market conditions, given that we have a president who has threatened and in some cases imposed our most active trading partners with tariffs that has/does/will impact our markets and, as a result, the prices you and I pay for all sorts of things from groceries, to automobiles, etc., you’d be wise to expect some challenging times ahead. Additionally,  this guy— who has a passion for insulting everyone, fancies aggressive war-like behavior, boasts about all he does and lies daily— is best taken with a grain of salt  no matter what he or tv talking heads have to say. Our economy isn’t as  rosy as they’d all like you to believe.  Plus,  don’t forget that economies are socially sensitive,  fickle and hence fragile.

Add to that, we have debt problems; an inverted yield curve; oil prices that are falling; natural disasters on the rise around America that will result in billions of dollars needed to be spent to help those in the areas where people/businesses have suffered; weather issues that are going to impact what farmers produce in the near and not-so-near future; recession worries; global market concerns and the list of things to worry about goes on and on.

Bottom line: Why not go fishing?  Spending time in nature has a wonderful way of clearing your head and making you smile.

 

 

  • Market Quick Glance

Weekly downers.

But the good news is year-to-date returns are okay—up about 10% and more.

Below are the weekly and 1-year index performance results for the three major indices—DJIA, S&P 500 and NASDAQ — including the dates each reached new highs. Data is according to CNBC.com and based on prices at the close of business on Friday, May 31, 2019.

DJIA 6.38% YTD way down again from the previous week of 9.68%.

  • 1 yr. Rtn 1.64% way down again from the previous week 3.12%

Most recent DJIA a new ALL-TIME CLOSING HIGH was reached on Oct.3, 2018 of 26,951.81. The previous high was reached on Sept. 21, 2018 of 26,796.16.

 

-S&P 500   9.78% YTD way down again from the previous week’s 12.73%

  • 1 yr. Rtn 1.73% way down from the previous week’s 3.60%.

*****The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on Friday April 26, 2019 of 2,939.88. The previous all-time closing high was on Sept. 21, 2018 of 2,940.91. Prior to that, the high of 2,916.50 was reached on August 29, 2018.

 

-NASDAQ 12.33% YTD down again from last week’s 15.10%.

  • 1yr Rtn 0.15% way down from last week’s 2.86%.

*********Nasdaq reached a BRAND NEW All-Time CLOSING HIGH on Friday, April 26, 2019 of 8,146.40. Prior to that, the previous high of 8,1333.30 was reached on August 30, 2018. Before that, on August 24, 2018 reached it’s then all-time high of 7,949.71.

 

-Mutual funds

The slide continues.

At the close of business on Thursday, May 30 , 2019, the year-to-date cumulative total reinvested performance of U.S. Diversified Equity Fund was 11.21%,according to Lipper.

Other averages y-t-d returns:

-Sector Equity Funds (5/31/19), 10.38%;

-World Equity Funds, 8.58%;

-Mixed Asset Funds, 7.55%;

-Domestic Long-term Fixed-Income Funds, 4.49%;

– And World Income Funds, 4.97%.

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.

-30-

 

 

 

 

 

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