June 24, 2017
 
 
 

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Hotline for June 26, 2017
June 26, 2017

Quartery earnings reports are upon us again

USIR Weekly Update Hotline

For Monday, June 26, 2017

 

The Market at Midyear

 

Midway through a tumultuous 2017 the stock market averages are elevated. Yet the only group that's continued rising since March 1 are the so-called FAANGs--shorthand for Facebook, Apple, Amazon, Netflix and Google. And even they took a hard shellacking earlier this month, but appear to be recovering.

 

            Among the looming midyear concerns: Whether the FAANGs will resume leadership in an otherwise leaderless market. Whether the Fed will be too hawkish in raising interest rates. Whether oil price prices will continue their skid from $51 to $42 a barrel. Whether Pres.Trump can turn undelivered campaign promises into beneficial actions.

 

            As we enter the "summer doldrums" of July and August, when investors and portfolio managers are vacationing and taking long weekends, those concerns are just a few of the worries weighing upon a momentarily wobbly market.

 

Add to them myriad other threats to peace, progress and prosperity. Indeed, for a nation so bitterly divided, beset by political strife at home and assaults on American values abroad, the wonder is that U.S. stocks have done as well as they have. But then, USIR has always been bullish on America.  

 

            Your faithful editor and his family are now headed for our annual sojourn into the Adirondack wilderness of northern New York--where the only tweets we'll hear will be the cries of loons, and angry words will be replaced by soft breezes whispering through the towering pines.

 

Meantime, back in the real world, we remain fully invested as possible in the model portfolio positions detailed in our June 15 issue--but for now letting cash from any stop-loss sales accumulate. Those positions include the FAANGs and their ilk which, over the long pull, can most reliably deliver superior earnings growth. 

 

Stephen W. Quickel, Editor 


© 2012 US Investment Report