Tag Archives: New highs for two indices

POCKETBOOK: Week ending Sept. 22, 2017

FullSizeRender(31)

•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.

-30-

 

 

 

 

 

 

 

 

Advertisements

POCKETBOOK: Week ending April 28, 2017

  • FullSizeRender(31)
  • It’s May

 Fans of the Wall Street adage, “ Sell in May and go away”, know the strategy has some merit  and historically has paid off. On paper anyway.

Folks at the Bespoke Investment Group did their research and found that  $100 invested for 50 years in the S&P 500 and owning stocks from May through October would have returned a puny $139. But investing 100 bucks and owning stocks for 50 years from November through April would have paid off to the tune of $2,136.

Huh.

  • Market Quick Glance

A big week for a couple of indices: Both the NASDAQ and the Russell 2000 reached new highs during the week ending Friday, April 28, 2017. Yippy skippy for them. The DJIA and S&P 500 preformed well too, just no new highs.

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, April 28, 2017.

-Indices:

-Dow Jones +5.96% YTD up attractively from last week’s 3.97%

  • 1yr Rtn +17.447% up from last week’s 14.27%

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

 

-S&P 500 +6.45% YTD up from last week’s 4.91%

  • 1yr Rtn +14.86% up from last week’s +12.30%

The S&P 500 reached an all-time high of 2,400.98 on March 1, 2017.

 

-NASDAQ +12.34% YTD up handsomely from last week’s +9.80%

  • 1yr Rtn +25.85% up from last week’s 19.50%

The Nasdaq reached a new all-time high of 6074.04 on April 28, 2017.

(Its previous high of 5,936.39 on April 5, 2017.)

 

–Russell 2000 +3.19% YTD up from last week’s +1.67%

  • 1yr Rtn +22.80% up from last week’s +21.49%

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

Moving ahead.

At the close of business on Thursday, April 27 ,2017, the average total return for U.S. Diversified Equity Funds was 6.40%. That’s a nice jump up from last week’s 4.64%, according to Lipper.

Four fund types with the highest average returns under that broad heading and through that date were Equity Leverage Funds, 13.69%, Large-Cap Growth Funds, 12.14%, Multi-Cap Growth Funds, 11.42% and Mid-Cap Growth Funds, 10.05%

Under the Sector Equity heading where the average fund is up 4.07%, Global Science Funds were the biggest winners with average y-t-d returns of 17.98%. Commodities Energy Funds the biggest losers, down 13.68%.

And around the world it’s India where the money is being made. Lipper tracks 24 India Region Funds. Average y-t-d return for the group was 25.13%

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.

• Lookout

A few things to consider going forward:

  1. Last week I wrote that expecting less from the stock market might wind up being more so I’m with Jack Bogle, the founder of Vanguard, who recently warned investors to plan for and expect lower returns going forward. “These are hazardous time. There are not cheap times. In the market, one never knows what is coming next,” said Bogle in a CNBC interview.
  2. Covering the costs of a tax reform plan that is based on the relative short-term future growth of our country is as goofy as thinking that the Earth is flat. Economic growth is not a sure thing in the near- or short-term. Outlooks, hopes and promises saying so are poppycock.
  3. Never invested in stocks before? Don’t start now unless you are absolutely positively sure that you don’t/won’t need the money anytime soon. Like in  the next three, five, 10 or 15 months or even a few years out. Investing over the short-term always comes with accepting much more risk than does investing for the long-term, like 10, 20, 30, or 50 years.

 

 

 

-30-