The Markets ... January 23, 2017

Old_Skeet

Hello,

From review of information found in the below linked site, this past week the S&P 500 Index lost -0.15%. Its three best performing sectors were consumer staples +2.06%, real estate +0.68% and materials +0.43%.

http://www.sectorspdr.com/sectorspdr/tools/sector-tracker

From review of the Lipper Indexes for stocks (styles) large cap growth is leading with a year-to-date return of 3.75% while for bonds high yield leads with a return of 1.13%.

http://online.wsj.com/mdc/public/page/2_3020-lipperindx.html?mod=topnav_2_3023

This week’s signal … U S Small Caps (IWM)

http://decisionmoose.com/Moosignal.html

Weekly S&P 500 Earnings Update … Full year 2017 estimate @ $132.00+

http://fundamentalis.com/?p=6628

Investment Strategy ... Jeffrey Saut (Raymond James) Saving Retirement and The Call for this Week

https://www.raymondjames.com/wealth-management/market-commentary-and-insights/investment-strategy

Looking at the markets this morning, as I write, Europe looks down, Asia Pacific looks mixed while in the States the futures are pointing for stocks to open down and government bonds to open mixed. Some of my recent reading is reflecting that stocks will drift lower into and through most of February with a buying opportunity coming perhaps sometime in March/April. Although, I am not projecting this myself I do plan to do a little buying around the edges when an opportunity presents itself. Currently, my Equity Weighting Matrix & Barometer reflects a reading of 147 and it will need to rise to a reading in the mid 150's before I will most likely do any buying. A reading dropping into the mid 130's will have me reducing my allocation in equities. So, for now with a reading of 147 stocks, in general, are a hold form my perspective.

http://finviz.com/futures.ashx

http://markets.wsj.com/usoverview

Wishing all a great day,

Old_Skeet

slick

Thanks Old_Skeet nice summary.