ARTICLE
Today was a big day for our domestic equity market. I have little doubt that by now you are aware the major U.S. stock indices advanced in a big way, in large part driven by the May unemployment report. If you click here you can read more about this surprising information. For those who would like to look beyond the “headline news”, you click here you can review the Bureau of Labor Statistics Report. No bling, just the facts! I recommend doing so. As good as the news was for today’s domestic financial markets, it’s even better potential news for our economy. With that said, and not wanting to be accused of being a Debbie Downer, please keep in mind, this information usually gets revised. So, be mindful of this observation. The S&P 500 stock index was up nearly 5% for the week. The broader, Dow Jones U.S. Stock Index was up, even more, posting a gain of 5.31%. But neither index outshined the performance of the developed international and emerging equity markets. Both markets posted gains of 7.30% and 7.99%, where our indexed proxies, SCHF, and SCHE (your account positions in these markets) are measured. What is encouraging to me and should be to you is the performance of the capitalization sectors beyond large-cap equities. For example, small-cap and mid-cap equities rose in value by 8.66% and 7.88%, respectively when reviewing the performance of your security portfolio positions, i.e., SCHA and SCHM. This information is encouraging for all diversified investors. So, I’ll close on a high note with that observation and wish you all a great weekend. Michael D. Puckett, AIFA® CFP® President, CEO CFG Wealth Management Services, Inc. A PERSONAL FINANCIAL FIDUCIARY® Organization 9840 Westpoint Dr., Suite 150 Indianapolis, IN 46256 1-888-234-9674
Today was a big day for our domestic equity market. I have little doubt that by now you are aware the major U.S. stock indices advanced in a big way, in large part driven by the May unemployment report. If you click here you can read more about this surprising information. For those who would like to look beyond the “headline news”, you click here you can review the Bureau of Labor Statistics Report. No bling, just the facts! I recommend doing so.
As good as the news was for today’s domestic financial markets, it’s even better potential news for our economy. With that said, and not wanting to be accused of being a Debbie Downer, please keep in mind, this information usually gets revised. So, be mindful of this observation.
The S&P 500 stock index was up nearly 5% for the week. The broader, Dow Jones U.S. Stock Index was up, even more, posting a gain of 5.31%. But neither index outshined the performance of the developed international and emerging equity markets. Both markets posted gains of 7.30% and 7.99%, where our indexed proxies, SCHF, and SCHE (your account positions in these markets) are measured.
What is encouraging to me and should be to you is the performance of the capitalization sectors beyond large-cap equities. For example, small-cap and mid-cap equities rose in value by 8.66% and 7.88%, respectively when reviewing the performance of your security portfolio positions, i.e., SCHA and SCHM. This information is encouraging for all diversified investors. So, I’ll close on a high note with that observation and wish you all a great weekend.
Michael D. Puckett, AIFA® CFP® President, CEO
CFG Wealth Management Services, Inc. A PERSONAL FINANCIAL FIDUCIARY® Organization
9840 Westpoint Dr., Suite 150 Indianapolis, IN 46256 1-888-234-9674