Author: Gary Harloff
Covestor model: Opportunistic ETF
So far this year the equity markets have been stellar with S&P 500 Index (SPX) up about 12% and NASDAQ 100 (NDX) up 22% as of Sept. 24. Our analysis indicates that style-box funds, sector indices (except for utilities), and world indexes (except for the U.S. dollar index) are generally buys.
The small cap stocks now lead the style box indexes. Precious metals still lead the sector indexes. But semiconductor is now near the bottom of the sector index list, whereas last month it was at the top
The S&P 500 index’s up trend remains intact according to our analysis. Thus, our analysis indicates a continued strong uptrending market that has not changed character very much in the last month. Some of our other analysis however, not reported here, suggests that the market may be topping out. It may be prudent to lighten up equities somewhat.
You decide. At this time we like technology, wireless, biotech, precious metals, and small cap value funds
Any investments discussed in this presentation are for illustrative purposes only and there is no assurance that the adviser will make any investments with the same or similar characteristics as any investments presented. The investments are presented for discussion purposes only and are not a reliable indicator of the performance or investment profile of any composite or client account. Further, the reader should not assume that any investments identified were or will be profitable or that any investment recommendations or that investment decisions we make in the future will be profitable.
Certain of the information contained in this presentation is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Covestor believes that such statements, information, and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.