Below is the usual weekly summation, the main positive being the continuing progress on pandemic vaccines and treatments, the main negative being still no stimulus package. The Sunday bonus this weekend is a heads up on an AAII one hour live webinar that will be held on Wednesday evening at 8:30 p.m. The topic is "The Best 1-, 2-, 3-, and 4 Fund Strategy" and is being presented by Paul Merriman. Click on the link below to register. Have a great week!
Succinct Summation of Week’s Events for 9.18.20
Succinct Summations for the week ending September 18th, 2020
Positives:
1. Progress continues to be made on Covid vaccines and treatments.
2. Jobless claims fell 33k w/o/w.
3. Housing market index stands at 83 for September, above expectations.
4. Import prices rose 0.9% m/o/m, above expectations.
5. Export prices rose 0.5% m/o/m, above expectations.
6. Business inventories rose 0.1% m/o/m, above expectations.
Negatives:
1. Shockingly, we still have no agreement from Congress on stimulus.
2. Home mortgage apps fell 1.0% w/o/w.
3. The current account deficit widened to $-170.5B in Q2.
4. Housing starts came in at an annual rate of 1.416M for August, below expectations.
5. Industrial production rose 0.4% m/o/m, below expectations.
6. Retail sales rose 0.6% m/o/m, below expectations.
9-23-20 AAII Webinar: Which Is the Best 1-, 2-, 3- and 4-Fund Strategy?
Which
Is the Best 1-, 2-, 3- and 4-Fund Strategy?
1. Wed, Sep 23, 2020 8:30 PM - 9:30 PM EDT
The American Association of Individual Investors invites you to
participate in a live webinar event! Join us on Wednesday, September 23, at
7:30 p.m. Central / 8:30 p.m. Eastern / 6:30 p.m. Mountain / 5:30 p.m. Pacific.
In this presentation, Paul Merriman will compare 10 different simple strategies
for constructing a portfolio using mutual funds or exchange-traded funds
(ETFs). The strategies are favorites of the Bogleheads, Rick Ferri, Warren
Buffett, John Bogle and Merriman. He’ll provide a list of The Merriman
Financial Education Foundation’s recommended funds at Vanguard and Fidelity as
well as the best-in-class ETFs to build these portfolios. Watch This Webinar
and Learn: -How to compare the most important risk and return characteristics
of each of these strategies -The weakness of each combination -The impact of
adding bonds to several of the most profitable portfolios Paul Merriman sold
his investment advisory firm in 2012 and founded The Merriman Financial
Education Foundation. He writes a regular column on the retirement page of
MarketWatch.com. He is the author of seven books plus his soon to be released,
“We’re Talking Millions! 12 simple ways to supercharge your retirement
investments.” Sound Investing, his weekly podcast, has made three Best
Investment Podcast lists in 2020.
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