Markets paused after three weeks of gains, with mixed results across major indices
Current strategy maintains focus on U.S. equity funds (C/S funds) despite volatility
Italian referendum vote expected to create volatility in international markets next week
After the nice gains of the previous three weeks, the markets took a breather this week. Major market indices were mixed with the Dow finishing up for the week, while the S&P 500 closed lower at 2191. What is unusual is that we’re still seeing big swings between sectors and also stocks. Out of the 30 stocks in the Dow Jones Industrial Average, Intel was the #1 performing stock on Thursday while Goldman Sachs was #30. On Friday, those two stocks reversed positions with Goldman Sachs at #1, Intel #30. We’re also seeing a resurgence in the oil and energy sector. For right now, we’ll maintain our current allocation with the majority of our funds in the U.S. equity funds (S/C). Also, look for some volatility in overseas markets next week due to the Italian referendum vote this Sunday.
After the nice gains of the previous three weeks, the markets took a breather this week. Major market indices were mixed with the Dow finishing up for the week, while the S&P 500 closed lower at 2191. What is unusual is that we’re still seeing big swings between sectors and also stocks. Out of the 30 stocks in the Dow Jones Industrial Average, Intel was the #1 performing stock on Thursday while Goldman Sachs was #30. On Friday, those two stocks reversed positions with Goldman Sachs at #1, Intel #30. We’re also seeing a resurgence in the oil and energy sector. For right now, we’ll maintain our current allocation with the majority of our funds in the U.S. equity funds (S/C). Also, look for some volatility in overseas markets next week due to the Italian referendum vote this Sunday.