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Perhaps nowhere else in financial markets is speculation on the ultimate success of Trompononics more rampant than in shares of small U.S. stocks.
Small company shares on Friday notch their longest winning streak in 20 years on a shortened Black Friday trading session. The Russell 2000 Index rose 0.4% in in the shortened session to book its 15th advance in row. This streak ties a run last seen in February 1996. The longest ever streak, 21, was hit back in 1988.
Regards,
Ted
https://www.google.com/#q=Unsinkable+Small+Caps:+Russell+2000′s+Winning+Streak+Longest+in+20+Years+wsj
Comments
It is for certain my small/mid cap sleeve found in the growth area of my portfolio has been the bread winner thus far this year with a year-to-date return of better than 25%. My second best performing sleeve is my domestic equity sleeve found in the growth & income area with a year-to-date return of 10.1% and is followed by my domestic hybrid sleeve which is also a member of the growth & income area with a return of 9.6%. Overall, my investment return for the portfolio as a whole, according to Morningstar's Portfolio Manager, is 8.0% which betters the year-to-date return of the Lipper Balanced Index at 6.3%. Thus far, my better performing sleeves have more than offset my laggards.
As of my last Morningstar Instant Xray analysis (11/25/2016) my asset allocation bubbled at 20% cash, 25% bonds, 33% domestic stocks, 17% foreign stocks and 5% other. This is a little different from my last report of equities being a total of 52%. Seems, my hybrid funds which make up about 40% of my portfolio must have made some asset adjustments for this equity allocation to change. I find it interesting to follow their changing asset movements and how these changes effect my portfolio's asset allocation. I believe, some of my hybrid type funds help keep me positioned in the more faster moving market currents as their investment spectrum encompasses a wide range and variety of assets.
Since, December will soon be here, in only a few days, I don't plan to do any buying until the first part of the new year, if then. During December, I'll collect most of my fund distributions and build cash. I'm not certain what will transpire should the Fed's raise interest rates in December, or January, and it's resulting effects on equities. I do believe it certain that bond prices, for the most part, will continue to adjust downward as interest rates rise. It will be interesting to see what shakes out with the fast money crowd. Since, I am well diverisfied I am most likely to benefit from the fast money crowd's forever changing positioning. I am thinking of adding to my bank loan fund in the near term along with some select stock funds ... but, looking to see how December goes. Looking out, as interest rates rise and when I can get a CD yield in the 2.5% range I'll start to rebuild my CD ladder ... but, CD rates will have to become higher than the average total return I have achieved, thus far, with my short term and limited term bond funds.
To quote a strategy found in baseball ... I am not looking to hit the long ball just play short ball and advance the runners. And, if the long ball should come, perhaps it will score some runners just as the outsized returns of my small/mid cap sleeve, in essence, did.
I hope all had a great Thanksiving ... and, I wish all Happy Holidays as December arrives along with continued "Good Investing."
Old_Skeet