Tag Archives: mutual fund returns

POCKETBOOK Week Ending Dec. 21, 2018

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  • Your Christmas Lump of Coal

It takes more than tax breaks for corporations and the wealthy to make a market shine: As, if not more important, is a country’s confidence in its President’s actions along with that of his appointed cabinet, the economy and what’s happening around the world. So….so much for this year’s Santa Claus rally.

You might want to take a belt of hooch before reviewing the performance of last week’s markets. Here, from CNBC.com, is a bit of it:

-The Dow Jones Industrial Average lost 6.8%—the worse percentage drop since October 2008.

-Nasdaq lost 8.3% and is now 22% below the high it reached in August.

-The S&P 500 lost 7% last week.

-Performances of both the DJIA and the S&P are on track for their worst December performance since the Great Depression of 1931.

If nothing else, the gift that 2018 has reminded all investors of is that just as a stock’s price can go up, so can it fall. And that’s okay. After all, investing never came with any promises. Only hopes.

 

  • Market Quick Glance

2018 has turned out to be one ugly year for anyone who bet that stock indices would delightfully reward investors with positive returns this year. It hasn’t.

Worse yet, more than one talking head predicts that at least the first half of 2019 to be a rough one for equities.

Stephen Suttmeier, chief equity technical strategists at Bank of America-Merrill Lynch relies on charts for his analysis and says, “We do think the equity markets are set up to continue this cyclical bear market or bear market, just call it what it is—and correct further, a further retracement.”

Below are the weekly and 1-year index performance results for the four 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, Dec. 21, 2018.

DJIA -9.20% YTD WAY down from the previous week’s -2.50%.

  • 1 yr. Rtn -9.43% also way down from the previous week -1.67%

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 -9.61% YTD WAY down from last week’s -2.76%

  • 1 yr. Rtn -9.98% also way down from last week’s -1.96%

The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on Sept. 21, 2018 of 2,940.91. The previous closing high was reached on August 29, 2018 of 2,916.50.

 

-NASDAQ -8.26% YTD WAY down from last week’s 0.11%

  • 1yr Rtn -9.08% also way down from last week’s 0.79%

Nasdaq reached a BRAND NEW 52-week CLOSING HIGH on August 30, 2018 of 8,1333.30. The previous high was reached on August 24, 2018 of 7,949.71.

 

 

-Mutual funds

P U. There was only one U.S. Diversified Equity Fund heading that ended last week with a positive average return. It was Dedicated Short Bias Funds with an average total return of 11.15%. That category of funds numbers 162 out of the 8,214 funds under the U.S. Diversified heading.

In other words, there is nothing pretty about the average returns on equity funds last week. Then again, how could their be with the stock prices fall, fall, falling.

The average year-to-date total return for funds that fall under the heading of U.S. Diversified Equity Funds stood at -9.18% at the close of business on Thursday, December 20, 2018, according to Lipper. That’s down a huge heap from the previous week’s figure of -3.12% %.

For a broader look, the average Sector Equity Funds’ return was -9.98%; World Equity Funds, -15.34%; Mixed Asset Funds, -6.95%; Domestic L-T Fixed Inc Funds, -1.15%; and World Income Funds, -4.09%.

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.

 

  • Then Again: OPPORTUNITY

If you liked Apple at $233.47, its 52-week high, you gotta love it at $150.73, Friday’s closing price. Right?

Well, may yes, maybe no.

However you assess the worth and value of investing in any stock—whether it’s Apple or something else– depends upon three things—and always three things:

1.How you think.

2.Your reason(s) for investing in it.

3.The price at which you intend to sell it.

 

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POCKETBOOK: Week ending July 7, 2018

 

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(Source: SeekingAlpha.com)
  • Making money in stocks? Where?

 No denying that lots of folks say that they are loving the economy believing in the super job growth and the sweet returns of the stock market. But before jumping on that  bandwagon, remember most of the praise comes from our president and those he has hired to praise him and praise all things Trump-related.

A look at the chart above, included in a recent SeekingAlpha.com article, shows how various types of stocks have fallen from their highs during the past 52 weeks.

Commentary in that same story pointed out that the telecom services sector stocks are down an average of nearly 19% from their highs and consumer discretionary stocks down 16%.

So how you doin?

 

  • Market Quick Glance

The DJIA was the only index that had a lower year-to-date return last week than it had the previous week.

Below are the weekly and 1-year index performance results for four major indices— including the dates each reached new highs—according to CNBC.com based on prices at the close of business on Friday, July 7, 2018.

DJIA -1.06% YTD down even more than the previous week’s return of -056%

•1 yr Rtn 14.71% down from the previous week’s 14.88%

Most recent DJIA all-time high was reached on January 26, 2018 of 26,616.71. The previous high was reached January 18, 2018 was 26,153.42.

-S&P 500 3.22% YTD  up from last week’s 1.67%

•1 yr Rtn 14.53% up from last week’s 12.34%

The S&P 500 reached its most recent all-time high on January 26, 2018 of 2,872.87. The previous high was reached on January 19, 2018 of 2810.33.

-NASDAQ 11.37% YTD up a lot from last week’s 8.79%

  • 1yr Rtn 26.26% way up from last week’s 22.23%

Nasdaq reached a BRAND NEW ALL-TIME HIGH on June 20, 2018 of 7,806.6. The previous highs was reached on June 14,2018 of 7,768.6.

-Russell 2000 10.74% YTD up a heap from last week’s 7.00%

  • 1yr Rtn 20.93% up a lot from last week’s 16.02%

The Russell 2000 reached a BRAND NEW ALL-TIME HIGH on June 20, 2018 of 1,708.1. The previous high was reached June 12, 2018 of 1,686.37.

 

-Mutual funds

Changes abound with some not exactly hot returns lately for your basic mutual fund. At the close of business on Thursday, July 5, 2018, the total return performance of the funds under the U.S. Diversified Equity Funds heading had an average return of 4.35%, according to Lipper.

Nonetheless, it’s  still a small cap world as the average cumulative total return for Small-Cap Growth Funds averaged 14.34%.

The category of funds with the closest average y-t-d- return behind it was–surprize surprize—Lare-Cap Growth funds at 9.73%.

Double digit y-t-d average returns were also found under the Sector Funds heading with Science & Tech Funds, 12.04%, followed by Global Science/ Tech Funds, 11.64% and then Health/Tech Funds, 10.43%.

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 of US not working

 Numbers show that not nearly as many of us are working today as there were 10 years ago.

MyBudget360.com reported that one-third of our work force—or 95.5 million Americans– are not working today. That’s a big jump up from the 80 million not working in 2009.

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POCKETBOOK: Week ending Sept. 22, 2017

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•Closing shop

Lately  I’ve read more than one story about how U.S. workers are earning more than ever  which makes me scratch my head with wonder, “How, in fact, can that be when some of our favorite—and long-standing– stores are closing?”

No wise answer from me on that one. But below is a list of the various stores that have or will be closing some or all of their shops.

According to CNBC.com, here are some of the companies that have either filed for Chapter 11 bankruptcy protection or Chapter 7 so far in 2017: The Limited; Wet Seal; Eastern Outfitters; BCBG Max Azria; Vanity; Hhgregg; RadioShack; Gordmans; Gander Mountain; Payless ShoeSource; Rue 21; Gymboree; Cornerstone Apparel, the owner of Papaya Clothing; True Religion Apparel; Alfred Angelo; Perfumania; Vitamin World; Aerosoles; and Toys R Us.

I already miss RadioShack. And Payless. And Hhgregg. And….

 

  • Market Quick Glance

It was a week of gains for two of the four indices followed below. Additionally, the DJIA and S&P 500 closed at new highs for the year. All according to data from CNBC.com based on prices at the close of business on Friday, Sept. 22, 2017.

Below are the weekly and 1-year index performance results— including the dates each reached new highs.

-DJIA +13.09 YTD up from last week’s 12.68%.

  • 1 yr Rtn +21.51% down from last week’s 22.27%

A new all-time high for the DJIA of 22,419.51 was reached on Sept. 21, 2017. The previous high of 22,275.02 was reached on September 15, 2017.

On March 1, the all-time high on that date for the year was 21,169.11.

 

-S&P 500 +11.76 % YTD up a tad from last week’s 11.68%.

  • 1yr Rtn +14.93% down from last week’s +16.44%

The S&P 500 reached a new high of 2,508.85 on September 20, 2017. The previous high of 2,500.23 was reached on September 15, 2017.

On March 1, 2017, that index closed at its then all-time high of 2,400.98.

 

-NASDAQ +19.39% YTD down from last week’s +19.79%.

  • 1yr Rtn +20.37% down from last week’s 22.84%

The Nasdaq reached its latest new all-time high on September 18, 2017 of 6,477.77. Its previous high was reached September 15, 2017 closing at 6,464.27.

On April 5, 2017 the index closed at 5,936.39.

 

-Russell 2000 +6.90% YTD up a heap from last week’s +5.50%.

  • 1yr Rtn +14.83% down from last week’s +16.68%

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

On March 1, 2017 the then high of this index was 1,414,82.

 

-Mutual funds

Picking up a bit of steam, the year-to-date average cumulative total reinvested return for equity funds falling under the broad U.S. Diversified Equity Funds heading ended the week at 10.70% on Thursday, September 21, 2017. That’s up from the previous week’s close of 10.11%, according to Lipper.

In case you were wondering, the average y-t-d- return for the 4,501 funds that fall under the World Equity Funds heading was 22.69%; for the 5,887 funds that fall under the Mixed Asset Funds heading was 9.50l and for the 2,282 different Sector Equity Funds was 7.95%.

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.

 

  • Talking both sides

We all know that this bull market has gone on even longer that many had expected.

Although when and why its upward trend in index results will come to an end continues to be anybody’s guess. But that doesn’t stop financial talking heads from making predictions.

One such head reporting in last week came from TIAA Investments’s Brian Nick.

Nick is expecting to see a four percent decline in their firm’s target for the S&P 500 by year-end. That would put it at 2400.

But wait, there’s more.

Nick also thinks that this current bull market still has room to run. By the end of 2018—that’s next year—the target his firm has put on the S&P 500 is 2600.

Neither of which does little to make feeling comfortable or cozy about staying in the market or investing new money very easy.

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