Horan - Health. Wealth. Life

An Alternative To Selling In May

Posted by David Templeton on Sunday, May 04, 2014 in Wealth Management | Comments (0)
An alternative to selling in May is to focus on lower beta high quality stocks whose performance has lagged the lower quality issues over the past twelve months. In a recent report by S&P Capital IQ, Quality and Stability, S&P notes the lower quality issues in the S&P 500 Index have outperformed the higher quality ones. In the report S&P summarizes the quality breakdown as of April 17, 2014:...there were 443 companies the S&P 500 that had an S&P Quality Rank, with 128 (29%) having ranks of A-, A...  Read more...

Week Ahead Magazine: May 4, 2014

Posted by David Templeton on Sunday, May 04, 2014 in Wealth Management | Comments (0)
The equity market continues to be stuck in a trading range that has generated nearly flat returns on a year to date basis. Although most U.S. market indices were higher last week, YTD returns are muted: S&P 500 Index (1.8%), Dow Jones Industrial Average (-.4%), Russell 2000 (-3.0%). This past week the apparently strong employment report indicated the unemployment rate declined 40 basis points to 6.3%. A significant negative in this report is the decline in the rate was primarily a result of the ...  Read more...

Are Mutual Funds Preparing For A Correction?

Posted by David Templeton on Sunday, May 04, 2014 in Wealth Management | Comments (0)
From an asset allocation perspective individual investors' equity weighting has reached a level last seen in mid 2007. According to the American Association of Individual Investors monthly asset allocation survey, the equity weighting at the end of April equaled 67%. This is down slightly from the 67.2% in the prior month; however, the prior high in the equity weighting level was 68.6% reach in June of 2007.From The Blog of HORAN Capital AdvisorsSource: AAIICertainly the strong equity market adv...  Read more...

To Sell In May Or Not

Posted by David Templeton on Wednesday, April 30, 2014 in Wealth Management | Comments (0)
As we noted in a post over the weekend, the "sell in May" seasonality phenomenon obviously enjoys a lot of press at this time of the year. As the below chart shows, the May to October period tends to be a flat to slightly up period for the equity market. Investors should ask themselves if selling out of stocks in May risks them not being in the market when the seasonally strong period begins in November. In other words, will investors implement the appropriate timing trade to re-enter the market...  Read more...

Week Ahead Magazine; April 27, 2014

Posted by David Templeton on Sunday, April 27, 2014 in Wealth Management | Comments (0)
Last week a number of important economic variables were released with mixed outcomes. The mixed economic reports are reflective of a still slow growth economy.In spite of historically low interest rates, the housing sector is not showing strong signs of growth. Existing home sales fell .2% and they are down 7.5% on a year to date basis. New homes sales data was even worse as they fell 14.5% in March.┬áIn the manufacturing sector, durable goods orders spiked 2.6%. Even excluding transportation dur...  Read more...

Be Careful Not To Fall Prey To The Consensus

Posted by David Templeton on Sunday, April 27, 2014 in Wealth Management | Comments (0)
Often times the difficult aspect of writing blog commentary is posting articles that are interesting to investors and, more importantly, not a repeat of the commentary written by others. At times some of the same topics are repeated on the web during a given week where each article provides no new insight to readers. The repeating of similar topics begins to give investors the sense that a consensus view is developing. And one factor we know about the market is it likes to prove the consensus wr...  Read more...

Investors Holding Cash Confounded By Market Action

Posted by David Templeton on Wednesday, April 23, 2014 in Wealth Management | Comments (0)
Until today, when the S&P 500 Index declined .22%, the market had managed to move higher on the prior six trading days. The six day climb followed what some investors thought might be a correction beginning to take place in the market.On April 2nd the S&P reached 1891 before declining 4% to 1816 on April 11th. The six subsequent trading days saw the S&P 500 Index rise 64 points to 1880, nearly recapturing the high reached on April 2nd. This type of trading action has been the norm for this marke...  Read more...

Investor Letter Spring 2014: The Weather Is To Blame

Posted by David Templeton on Tuesday, April 22, 2014 in Wealth Management | Comments (0)
As we noted in our fourth quarter Investor Letter, we cautioned investors about looking at past returns and projecting those into the future. The first quarter of this year was a perfect example where returns in 2013 did not carry over into the first quarter. Our Spring 2014 Investor Letter provides commentary on the rotation that has occurred in the market during the first quarter. What makes the economic assessment more difficult at the moment is the fact this winter's weather was some of the ...  Read more...

Week Ahead Magazine: April 20, 2014

Posted by David Templeton on Sunday, April 20, 2014 in Wealth Management | Comments (0)
Nearly four months into the trading year and the market indices have essentially traded sideways from the beginning of the year to Thursday's close. The S&P 500 Index is up .89%, the Nasdaq 100 is down 1.60% and the S&P SmallCap 600 Index is down 1.17%. On the other hand, as we noted in a post late last week, certain segments of the market have experienced significant corrections: social media and biotech, for example. One link in this week's magazine is an article written by Ben Carlson of the ...  Read more...

Dow Dogs Are Front Of The Pack

Posted by David Templeton on Saturday, April 19, 2014 in Wealth Management | Comments (0)
Interestingly, we last highlighted the Dogs of the Dow strategy about this time last year and at that time the Dow Dogs were outperforming the overall Dow Jones Industrial Average Index. For all of 2013 the Dow Dogs of last year outperformed the Dow Index as well as the S&P 500 Index. As we turn our attention to 2014, the Dogs of the Dow are again outperforming many of the broader market indices except for the utility index and the transportation index. The Dow Dog strategy consists of selecting...  Read more...
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