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 this week, but last week’s covered calls sales are reviewed in the following discussion topic:
The executive summary is as follows:
Fading confidence in equity markets and surging demand for Treasuries were the surprise stories for financial markets as U.S. shares notched all-time highs, prompting a broad sense of fear that caused the stock market to reverse course and end the week little changed. U.S. economic reports were mixed but the outlook for global growth was disappointing, leading to more calls for more stimulus around the world.
Emerging market stocks added to their recent gains on the hope that central banks will take steps to boost growth and REITs continued their remarkable winning streak. The natural resource sector was mixed with the price of energy products and precious metals moving higher while related shares lost ground and the model portfolio rose 0.5 percent, now up 4.8 percent for the year.