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.
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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