Tag Archives: Bloomberg

POCKETBOOK: Week ending May 12, 2017



•Now and Then

Now: Age reality

From a story by James Fallows at theatlantic.com: “The tangled affair now known as Watergate began 45 years ago, before most of today’s U.S. population had ever been born.”

Fallows piece, “Five Reasons the Comey Affair Is Worse Than Watergate”, pointed out that the median age of Americans today is about 38. And for most people “Watergate is a historical allusion…”

From me: Age reality is important to keep in mind whenever you’re trying to understand and figure out why things are as they are in the markets, politics, the economy and your personal life.

Then: Stocks and Watergate

In case you’ve been wondering, the Dow Jones Industrial Average hadn’t hit the 4-digit mark before Watergate. Really. Truly. Kinda hard to believe that today, isn’t it.

But, according to a May 11, 2017 Reuters.com story by Rob Cox comes this: “The Dow stood at a little under 1,000 in early February 1973, just before Congress voted to create a select committee to look into the Nixon camp’s activities during the 1972 election.”

“Toward the end of 1974, after the president was forced to quit in August that year, the average had tumbled to a nadir below 600 points for a loss of over 40 percent, according to Thomson Reuters Eikon data…”

From me: Huh.


  • Market Quick Glance

Not much to yahoo about except that NASDAQ once again reached a new all-time high. As for the other indices, most year-to-date and 1-year returns lost ground last week.

Going forward, the bulls appear to still be bullying as the bears continue growling.

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 on Friday, May 12, 2017.


-Dow Jones +5.74YTD down from last week’s 6.30%

  • 1yr Rtn +17.92% down from last week’s 18.95%

The DJIA reached an all-time high of 21,169.11 on March 1, 2017.


-S&P 500 +6.79% YTD down from last week’s 7.17%

  • 1yr Rtn +15,83% down from last week’s +17.00%

The S&P 500 reached a new all-time high of 2403.87 on May 9, 2017. The previous high of 2,400.98 was reached on March 1, 2017.


-NASDAQ +13.71% YTD up a tad from last week’s +13.33%

  • 1yr Rtn +29.21% down a tad from last week’s 29.33%

The Nasdaq reached a new all-time high for the third time this year of 6,133 on May 9, 2017. (The previous high of of 6,102.72 was reached on May 2, 2017. Before that new high was 6074.04 an achieved on April 28, 2017 and before that date the high of 5,936.39 on April 5, 2017.)


–Russell 2000 +1.89% YTD down from last week’s +2.94%

  • 1yr Rtn +24.73% down from last week’s +26.09%

The Russell 2000 reached a new all-time high of 1,425.7 on April 26, 2017.

(Its previous high of 1,414,82 was reached on March 1, 2017.)


-Mutual funds

 Mutual fund performance figures will be updated later this week.

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.


•More indexes than stocks

Here’s a little something to chew on: Mix in the number of ETFs around with the number of indexes available for investors to pick from and the number of indexes now outnumber the number of stocks.

According to Bloomberg.com, “Traditional ones such as the S&P 500 are collections of securities weighted by market value, and the index funds mimic them as a low-cost way to deliver the market’s performance. Many new indexes are different: They include stocks based on custom criteria, such as having low volatility or high dividends..”

The full story, including charts, can be found at: https://bloomberg.com/news/articles/2017-05-12/there-are-now-more-indexes-than-stocks .









POCKETBOOK:Week ending Sept.10,2016


  • Well this ain’t pretty

Debt is something our nation is no stranger to. Neither are many of its citizens. And, like you, I know that debt isn’t always a horrible 4-letter word. It has its valid and good reasons for being. And then there is the other side.

On the not-so-hot side,  our nation debt it is getting close to $19.5 trillion. And, according to MyBudget360.com, “The U.S. nation debt is more than all the world’s physical cash, gold, silver and bitcoin combined.”

That’s a lot

  • Market Quick Glance

So, last week I wrote:” I don’t recall any talking heads who said they expected 1-year returns on equities to be in the mid- to high-double digits this year…”

And, “If stock indices are an indication of the state of our economy—there’s no room for any investors to complain about America not being great—-it has been for investors year-to-date and over the past year.”

And this week I get to eat some of those words thanks to market reversing its hotsy-totsy performance record with the year-to-date and 1-year return for Dow, S&P500, Nasdaq and the Russell 2000 all closing off from the prior week’s close.

At the close of business on Friday, Sept 9, 2016, all four indices closed lower than they had the previous week, according to Bloomberg. Below are the closing YTD performance numbers of four popular US indices along with their 1-year performance figures.


-Dow Jones +5.87% YTD (Down 3% from last week’s YTD close of 8.19%)

  • 1yr Rtn +13.00% (Down 4.94% in one week)

-S&P 500 +5.72% YTD (Down from last week’s 8.27% YTD figure)

  • 1yr Rtn +10.88% (Down over 5%)

NASDAQ +3.35% YTD (Down from last week’s 5.84 % YTD)

  • 1yr Rtn +7.74% (Clipped by more than 6% from last week’s 13.61%)

Russell 2000 +8.42% YTD (Down about 3%)

  • 1yr Rtn +6.90%(Off more than 5% from last week’s 11.86%)

-Mutual funds

In mutual fund land the picture is a bit different. But that’s because of the day fund returns are calculated.

If you’ve noticed, Lipper bases its performance figures on returns collected at the close of business on Thursday’s. (I think that calculation day all started because Lipper wanted to make sure the numbers made it into Friday’s papers.)

So, because Lipper’s figures missed  Friday’s big-time  down turn, their numbers are better than one might otherwise expect had they been based on the Sept.9 closing prices.

That said, at the close of business on Thursday, September 8, 2016, the average YTD return of U.S.Diversified Equity Funds was +7.01% according to Lipper. That’s up from last week’s 6.17%.

That figure represents the average YTD return on 8,390 different equity funds that fall under 20 different fund types  including  an assortment of large-cap, small-cap, mid-cap, speciality, alternative, S&P500 etc. funds.

Precious Metals Equity Funds picked up ground over the week with year-to-date average returns now standing at 109.43% —that’s up from last week’s average fund return of 95.70%.

Lipper’s Sector Equity Funds, where Precious Metals funds live, also gained ground. At the close of business on Thursday the average fund under this heading it was up 11.72%.

Domestic L-T Fixed Income Funds were up on average a tad more at 6.23%. World Income Funds gained over 1% with an average YTD return of 11.06%.

Wondering how best to use Lipper’s fund performance figures? Use their YTD returns as a guideline for how your individual fund(s) are performing. For instance, the average stock fund is up about 6.5 percent so far this year. Are your stock funds doing better or worse than that?

Visit www.allaboutfunds.com for weekly updates to see 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.

Lipper’s weekly performance figures for stock and fixed-income funds are at www.allaboutfunds.com in the left column on the home page.

  • One money guy’s point of view

Peter Schiff’s EuroPac International Value Fund (EPIVX) is up over 30% as of August 31, 2016, according to Morningstar. The reason for the handsome returns are in part due to gold’s gains. And, investments in places like New Zealand, Switzerland, Singapore and Australia, according to a CNBC.com recent story.

Schiff said he likes investing in countries in that part of the world because they don’t have much exposure to the United States.

From the CNBC.com story, “Why Peter Schiff’s international fund is up over 35% year-to-date” by Bryan Borzykowski, comes this: “The U.S. consumer…is living on credit, has no savings, and the whole economy is headed for collapse, and I want protection against that. I‘m tryin to invest in markets and companies that are best positioned to do well in an environment where the U.S. economy is not doing well.”


But before running out and investing in the fund keep in mind that —-whether you buy Schiff’s thinking or not— last year the fund was down 26.31%, according to Morningstar.

And so it goes…