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Jennifer Lawrence and the Markets Both Kinda Fell

j-law

The Oscars… so much hype.  And as it turns out, the next day’s biggest trending topic is not about the overall winner, but instead, that Jennifer “J Law” Lawrence took a spill on the steps on her way up to receive her award.  She was then captured by the press playfully flipping off a person in the crowd.  It was kind of like the market action last week; the Standard & Poor’s 500 (S&P 500) fell over Wednesday and Thursday only to flip off all the bull market skeptics and come back to finish the week down slightly to about -0.30% for the week.  This was the S&P 500’s first weekly loss of the year, snapping a seven-week winning streak and displaying a level of volatility the markets haven’t seen since late December of 2012.

Here’s a recap of how the market did last week.

Weekly Market Returns 2/25/13

There were several issues that were competing for the attention of both the bulls and the bears last week, but the mid-week release of the Fed’s minutes from the January 29-30th meeting was what started a mid-week sell off that had everyone saying “see, I told you a sell off was going to happen” tipped sentiment in a bearish direction. The minutes revealed a deepening disagreement over the Fed’s purchases of $85 billion in Treasury and mortgage-backed securities each month.

The fourth quarter reporting period came to an end last Thursday. The final reading for the percentage of U.S. companies that beat Q4 earnings estimates came in at 61.4%.  The revenue beat rate ended at 62.7% for the fourth quarter reporting period, which was much better than the two previous quarters.

Our opinion remains the same – investors who are fully invested remain that way and investors with cash positions should consider tactically investing portions of that cash position on any market pullbacks.

Please call or email with questions.

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Securities and Financial Planning offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. Stock investing involves risk including loss of principal. The Dow Jones Industrial Average is comprised of 30 stocks that are major factors in their industries, and widely held by individuals and institutional investors. The Standard & Poor’s 500 Stock Index (S&P 500) is an unmanaged capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The NASDAQ Composite Index measures all domestic and non-U.S. based common stocks listed on The NASDAQ Stock Market. The market value, the last sale price multiplied by total shares outstanding, is calculated throughout the trading day, and is related to the total value of the Index. The Russell 2000 Small Stock Index is an unmanaged index generally representative of the 2000 smallest companies in the Russell 3000 Index. The Russell 2000 is an unmanaged index generally comprised of companies with lower price-to-book ratios and lower forecasted growth values.  The 2, 10 and 30 year Treasury is simply the yield at the close of the day.

(1)      West Texas Intermediate crude spot price is as of end of week.

(2)      London Bullion Market Association; gold fixing pricing at 3 p.m. London time.

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David B. Armstrong, CFA

President & Co-Founder

Dave got into the industry when he discovered his passion for finance in his mid-20’s. He’s a combat veteran and served as an officer in the United States Marines Corps on both active duty and in the reserves, retiring at the rank of Lieutenant Colonel. While serving on active duty, Dave was unable to spend money on deployments, so he became a self-taught investor. Along with a few bucks cash as a bouncer, his investing performance grew to be good....

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