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.