February was a difficult month for equity investors. The S&P 500 Index lost 10.65% and 18.18% for the year. The MSCI EAFE Index fell 10.54% and 19.38% for the year.
China's Shanghai Composite rose 4.63% and has gained 14.39% this year.
_____________Feb %_____YTD %
S&P TR______-10.65_____-18.18
EAFE_______-10.54_____-19.38
SSE_________4.63______14.39
GreenDr______-3.51______-7.50
Pharma_______-7.21_____-8.65
Yield________-13.66_____-11.00
Software______-3.22_____-11.74
Entert______-7.92______-15.06
Best_________0.69______4.06
Short_________8.38_____22.13
China________-3.01_____-6.93
Not too many changes in the portfolios. I increased the amount of shorts in the Catch a Falling Knife Fund, and took off the shorts in the Best of Funds Fund.
Real GDP for the Fourth Quarter Revised Up, GDI Jumps
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The BEA revised fourth-quarter GDP from +3.2 Percent to +3.4 percent. Real
GDI was a whopping +4.8 percent but discrepancies remain and charts tell a
bette...
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