The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here.
There will be no changes to the model portfolio or the buy ratings, but the recent rise in stock prices is covered in both the Equity Markets section and in this discussion topic:
The executive summary is as follows:
Geopolitical concerns in Ukraine resulted in investors becoming risk averse early in the week, but the easing of tensions and better-than-expected economic data in the U.S. saw risk appetite return and domestic equity markets went on to notch new all-time highs as Treasuries were sold. The U.S. dollar weakened, dropping to a two-year low against the euro, and trouble in China’s credit markets continued to be cause for concern as the first of what could be many corporate debt defaults occurred on Friday.
The Ukraine crisis and bad weather in the U.S. were responsible for a surge in the price of agricultural goods such as corn, wheat, and soybean while related shares were bid sharply higher as well. REITs and foreign stocks struggled, the gold price rose, silver fell, and mining stocks added to their already hefty year-to-date gains as the model portfolio rose 0.4 percent, now up 6.6 percent for the year.