The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here . There will be one change to the model portfolio this week, but no changes to the buy ratings, and an extended commentary about how precious metals were affected by the recent release of the Fed meeting minutes, all included in the following discussion topics:
The executive summary is as follows:
As the March 1st U.S. budget cuts known as “sequestration” rapidly approach with no deal in sight, equity markets ended the week slightly lower than where they began after the release of another set of Federal Reserve meeting minutes led traders to believe that the central bank might halt its money printing effort sooner than expected. Economic reports in the U.S. were mixed, but Europe’s recession deepened and this led to a stronger dollar that also pressured asset prices.
Selling in the natural resource sector wasn’t limited to just precious metals as was the case the week prior as commodity prices saw their sharpest declines since last October and related shares fared even worse. REITs were one of the few asset classes to advance and the model portfolio fell 2.2 percent, now down 6.3 percent for the year.
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via Iacono Research http://iaconoresearch.com/2013/02/24/the-weekend-update-is-now-available-48/
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