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The Weekend Update is Now Available

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 this year’s covered call sales are reviewed in the following discussion topic:

The executive summary is as follows:

Major equity markets reached record highs with the S&P500 breaching the psychologically important 2,000 level, while bonds and commodities also moved higher in yet another week when nearly every asset class rose. U.S. economic data was mixed, but news from Europe indicated ongoing difficulties and the possibility of outright deflation, all of which boosted the trade-weighted dollar.

Geopolitical concerns over both Ukraine and Iraq increased, providing support for oil and gold prices that rose together for the first time in 10 weeks. Natural resource stocks moved higher, as did REITs and emerging market stocks, and the model portfolio gained 0.6 percent, now up 9.2 percent for the year.

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The Weekend Update is Now Available

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 buy ratings but one change to the model portfolio this week, the latter subject being covered in the following discussion topic:

The executive summary is as follows:

Economic reports from around the world were disappointing, particularly in Europe where the entire region appears to have struggled mightily in recent months, but conditions were somewhat better in the U.S. and Asia. Stocks and bonds both ended higher again as renewed enthusiasm for the former earlier in the week was dashed on Friday on new geopolitical concerns in Ukraine, prompting demand for safe havens.

Precious metals were not the safe haven that investors had in mind as prices for both gold and silver ended lower, but natural resource stocks fared much better with the notable exception of energy stocks that fell with the oil price. REITs rose, emerging market stocks rose, U.S. stocks rose, and Treasuries rose as the model portfolio gained 0.3 percent, now up 9.1 percent for the year.

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The Weekend Update is Now Available

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 the Chinese economy and stock market are examined and the latest round of covered call sales are addressed in the following discussion topics:

The executive summary is as follows:

Renewed safe haven demand as a result of heightened geopolitical tensions in Ukraine and Iraq sent the price of Treasuries and gold higher while risk assets such as U.S. stocks moved lower, but the latter rebounded late in the week and just about every asset class ended higher. The Chinese economy continues to improve, as does the U.S. economy, and the trade-weighted dollar moved higher.

Commodity markets continue to be adversely affected by a stronger U.S. currency but related shares moved higher with broad equity markets. Silver was one of the week’s few losers but mining stocks added to their recent gains and the model portfolio rose 0.6 percent, now up 8.8 percent for the year.

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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 Fed meeting and economic reports are detailed along with what is increasingly being called a stock market bubble in the following discussion topics:

The executive summary is as follows:

After some very good economic reports in the U.S. and more talk by Federal Reserve hawks about raising interest rates sooner rather than later, U.S. equity markets experienced their heaviest selling in two years after notching new record highs the week prior. Violence in Gaza, Ukraine, and elsewhere added to stock investors’ skittishness while also pushing the U.S. dollar higher and this pressured commodities markets.

A rebounding China economy sent share prices higher there, however, this was about the only asset class that saw gains as even safe haven investments such as U.S. Treasuries and precious metals moved lower. The financial media is now full of warnings about a long overdue correction (or much worse) as the two worst months of the year for stocks – September and October – quickly approach. For the week, the model portfolio fell 1.4 percent and is now up 8.2 percent for the year.

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