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 three changes to the model portfolio, the latter detailed in the following discussion topic:
The executive summary is as follows:
The missile attack on Malaysian flight MH17 and an Israeli ground invasion of Gaza were not nearly enough to temper the enthusiasm of stock investors who were again emboldened by Federal Reserve Chair Janet Yellen during testimony before Congress. Amid mixed economic data, bonds also rose in what has become a disturbingly familiar development – prices for both stocks and bonds being bid higher.
The natural resource sector continued to struggle as prices for major agricultural goods and some energy products moved further into negative territory for the year while precious metals tumbled, taking mining shares down with them. Energy stocks were about the only natural resource shares to move higher, REITs rose again, but the model portfolio fell 0.5 percent, now up 9.5 percent for the year.