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 last week’s covered call sales are reviewed in the following discussion topic:

• Last Week’s Covered Call Sales

The executive summary is as follows:

Amid better-than-expected economic news in general and strong retail sales in particular, U.S. stocks rebounded sharply from big declines the prior week and investor enthusiasm appears to have returned, even for recently battered tech and biotech shares. Emerging market shares advanced again, the bond market saw heavy selling as money was shifted back into stocks, and the U.S. dollar rebounded a bit.

Rising energy prices and surging equity markets combined to push energy stocks sharply higher and both agricultural stocks and REITs followed along. Lower gold and silver prices pressured mining stocks and losses here offset other gains as the model portfolio fell 0.5 percent, now up 4.1 percent for the year.

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