Tag Archives: Science & Tech funds

POCKETBOOK Week Ending April 5, 2019

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  • Oh so true

I’m forever looking for the simplest, the best and the most accurate way to help investors understand what’s going on in the world of making money on Wall Street.

To that end, CNBCs Josh Brown wrote a piece last week that’s worth reading titled, “Josh Brown: How I explain the stock market vs the economy”.

In a nutshell he writes: “One of the hardest things to do as an investsor is to entertain two opposing thought in our minds at once, and find a way to keep them despite the cognitive dissonance this can produce…..

“One of the most ironic aspects of investing is that the greatest gains lie ahead at time when things are bad, but not quite as bad as everyone suspects, and slowly, almost imperceptibly getting better. This is the moment when assets are selling at discounted values and the opportunities are laying at our feet, there for the taking…

“Conversely, the worst time to invest is once everyone agrees that the environment is teriffic and that the gains will continue as far as the eye can see. It is at this moment we find ourselves paying up for assets and competing with lots of other buyers…

“But most of the time, neither the economy nor the stock market is as good as it could get, or as bad as it could get.”

That pretty much says it all.

 

  • Market Quick Glance

Holy moly….another up week for all three indices followed here with the biggest winner the NASDAQ index: It was up nearly 20% year-to-date as of Friday, April 5. That’s incredible and for some investors enough to sell their y-t-d short-term position on that index, go home and not play for the rest of the year. Then again, most folks aren’t day, week, or short-term investors.

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, April 5, 2019.

DJIA 13.28% YTD up again from the previous week’s 11.15%.

  • 1 yr. Rtn 7.83% up a bit from the previous week 7.57%

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   15.39% YTD up again from the previous week’s 13.07%

  • 1 yr. Rtn 8.63% up from the previous week’s 7.33%.

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 19.64% YTD up lots from last week’s 16.49%%

  • 1yr Rtn 12.18% up plenty from last week’s 9.43%

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

And what a quarter it was with the total return of the average U.S. Diversified Equity Fund ending the first quarter of 2019 at 13.27%. But wait, there’s more as time has passed.

And one week later the trend continued. At the close of business on Thursday, April 4, 2017, the year-to-date cumulative total reinvested performance of U.S. Diversified Equity Fund was 15.05%, according to Lipper.

The great big fat total return y-t-d winner under this huge umbrella category was Equity Leverage Funds, up on average over 30%. If I were a shareholder in an Equity Leverage Fund with a y-t-d return over 30%, I’d be tempted to take some money off the table. After all, we know the downside–performance of the high flyers could fall. Oh but then again,  how high can returns go after moving up 30%? As always, nobody knows.

Mid-Cap Growth Funds continue to outperform the overall average—they were up 20.68% with Small-Cap Growth Funds nipping at their heels at 19.45%.

Under the Sector Equity Funds heading, it’s a science and tech performance world. Of the 70 Global Science/Technology Funds that Lipper tracks, the average was up 23.32%. Behind it the performance of the 185 Science & Technology Funds, the average y-t-d return was 22.02%.

Commodities Energy Funds, there are 21 of the, were up 22.01% while Commodities Agriculture Funds, 26 around, were off at -1.31%.

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.

 

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POCKETBOOK: Week ending Aug.25, 2018

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From The Palm Beach Post Editorial Page, Tuesday, August21, 2018.
  • Trump’s Money Blind Spot

Last week, President Trump said that if he were impeached, the stock market would crash and the result would be a lot of poor people.

From The Washington Post on Aug.22, 2018 titled, “Impeachment means losing his big economic brain, Trump warns.” comes this: “I tell you what, if I ever got impeached, I think the market would crash, I think everybody would be very poor, because without this thinking ( he pointed at his head), you would see—-you would see numbers that you would believe in reverse.”

Ya gotta laugh when you hear, read or see stuff like that coming out of Mr. Trump’s mouth.

Why? Primarily because there already are a whole bunch of poor, i.e. low-income, people in America.

How many? According to Pew Research, 32 percent of households are considered low-income as in earning less that $35,000 a year.

So while the stock market has continued to reach new historic performance heights, that bull has done little—if anything—to help the millions upon millions of poor people and low-income  households.

 

  • Market Quick Glance

Another week where all-time record closing index highs were everywhere—-almost.

It was the DJA that didn’t make the reaching-new-highs-grade last week. Maybe that’s because it’s made up of large companies and the market this year has been living in a small- to medium-size world.

As for the stats, according to Ironman at Political Calculations.com, it took only 147 trading days for the closing value of the S&P 500 (SPX) to reach its new closing high. That would be from January 26, 2018 to August 24, 2018.

Looking back much further, this bull market has run longer than any other—on March 9,2009, the S&P 500 closed that day at 676.53.

You’ve come a long way, baby.

Below are the weekly and 1-year index performance results for the four major indices—DJIA, S&P 500, NASDAQ and the Russell 2000— including the dates each reached new highs. Data if according to CNBC.com and based on prices at the close of business on Friday, Aug.24, 2018.

DJIA 4.33% YTD up from previous week’s return of 3.84%.

  • 1 yr Rtn 18.39% up a bit from the previous week’s 18.02 %

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 7.52% YTD up a jump from last week’s 6.60%

  • 1 yr Rtn 17.86% up from last week’s 16.06%

The S&P 500 reached a BRAND NEW CLOSING ALL-TIME HIGH on August 24, 2018 of 2,876.16. The previous high was reached on January 26, 2018 of 2,872.87..

 

-NASDAQ 15.10% YTD way up from last week’s 13.22%

  • 1yr Rtn 26.70% up from last week’s 25,53%

NASDAQ reached a BRAND NEW 52-week CLOSING HIGH on August 24, 2018 of 7,949.71. The previous high was reached on July 25, 2081 of 7,933.32.

 

-Russell 2000 12.38% YTD way up from last week’s 10.25%

  • 1yr Rtn 25.61% up from last week’s 24.58%

The Russell 2000 reached a BRAND NEW 52-week ALL-TIME HIGH on August 24, 2018 of 1,726.97. The previous high was reached on July 10, 2018 of 1,708.56.

 

-Mutual funds

A big week for equities thanks to the S&P 500, Russell 2000 and NASDAQ all closing at record highs translating into some sweet improved returns for various fund types.

At the close of business on Thursday, August 23, 2018, the average total return for funds that fall under the U.S. Diversified Equity Funds heading was 7.87%. That’s up almost one full percentage point  from the previous week’s figure of 6.71%, according to Lipper.

Once again, Small-Cap Growth Funds lead the performance way—returning on average 19.43%. Only Science & Technology Funds, they fall under the Sector heading, came kinda sorta close to that return averaging 15.15%

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.

 

  • Your Kids’ Futures

Here, from my University of North Dakota Alumni Review magazine comes this: “85% of today’s children will be employed in jobs that have yet to be created.”

The source: Institute for the Future.

Huh. That’s kinda sorta scary.

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