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Published Every Monday Since 2007   | Volume 692| February 24, 2020

So far YTD these many weeks were up (Bull), down (Bear), or draw (Bull/Bear) …
Bulls (Markets UP) = 04…
Bears (DOWN) =04…and
Draw = 0



Markets slip – – The Dow down 290 points for the 4-day week

The DOW was -290 or -1.0%, S&P500 was -31 or -0.9%, and the NASDAQ was -102 or -1.1% for the week ending Feb 21st.  Markets were closed Monday for the Presidents’ day holiday. 

Fear of Coronoavirus spread AND its impact on the global economy were the main reasons for investors to seek cover and sell stocks.  Some companies, like Apple and others have already come out and indicated that their next quarter financials will be impacted due to slower sales and supply chain disruption.  For example, tourism is significantly down and has impacted tourism industry, including airline, hotels, restaurants, etc.  China remains a major exporter of various intermediate parts (products which are critical for making larger products) to various global companies.   Think iPhone, other electronics, motors, electrical-mechanical parts, textile-apparels, shoes, and many daily use items which will be impacted due to Chinese lock-down state and no production of key parts.

  • YTD 2020 Dow is up +1.6%, S&P500 is up +3.3%, and Nasdaq is up +6.7%
  • In 2019 DOW was up +22.3%, S&P500 up +28.9% and NASDAQ up +35.2%
  • In 2018 the DOW was down -6.7%,  S&P500 down -7.0% and NASDAQ down -4.6%.
  • In 2017 the DOW was up 25.1%, S&P500 up 19.4% and NASDAQ up 28.2%

Our stock portfolio (if you invested on 1/1/2020) is +4.3% vs. S&P500 of +3.0%

 

In 2019, yet again, you beat S&P500 and did better than many at Wall Street! GAINS OF 42% !!


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You can read about our previous year record stock performance here