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 prospects for the week ahead are outlined in the following discussion topic:
The executive summary is as follows:
The threat of interest rates rising sooner rather than later due to an improving economy combined with a strengthening U.S. dollar to pressure almost every asset class, stocks and bonds once again moving in the same direction, this time lower. Dismal economic reports came from Japan, Europe continues to struggle, and the U.S. expanded its military role in the Middle East to combat Islamic extremists.
Energy prices fell to their lowest levels of the year and the rest of the natural resource sector followed along, adding to recent deflation concerns amongst central bankers. Emerging market shares tumbled and REITs also moved sharply lower as the model portfolio fell 2.1 percent, now up 6.0 percent for the year.