Market Hotline


Flexible Plan Investments

Every market cycle has its upside leaders and downside leaders. The current intermediate cycle began its rally with strength in Utilities, followed by Telecom and Consumer Staples. Utilities was unique during January’s market correction—it was the only sector able to prevent its momentum from turning negative. However, it didn’t earn its leadership title by simply falling less than the others. Instead, Utilities surged from late January to late March, and pulled the rest of the market higher.

Money Smart Week was created by the Federal Reserve Bank of Chicago in 2002 to raise public awareness about personal finance management. Throughout the week, hundreds of partnering organizations host events designed to educate the public on topics such as investing, college planning, buying a house, using credit wisely, managing debt, and saving for retirement.

OnTarget Reports recalculated and reissued. Market Leaders Strategic at Trust Company of America. Flexible Plan attends NAAIM annual conference.

U.S. equity markets were down last week. The NASDAQ Composite lost 2.67% (down 1.94% for April), the S&P 500 was down 1.26% (up 0.27% for April), and the Dow Jones Industrial Average recorded a weekly loss of 1.28% (up 0.50% for April). Six of the ten S&P industrial sectors were down for the week.

Last week, the gold spot price rallied 4.91%, as the U.S. Dollar Index weakened.

What we have been waiting for has finally happened: This past week, gold prices finally broke out to the up side (see the chart of the S&P GSCI Gold Index, a subindex of the S&P GSCI, which tracks the COMEX gold future).


To our In My Opinion readers:
Everything in the newsletter pertains to strategies available on our Strategic Solutions platform at Trust Company of America. The same strategies are implemented on many other products: mutual funds, variable annuity, variable life and retirement platforms. Therefore, we expect the strategic discussion may be of interest to you. Note, however, that since these products have their own subaccount and fund universes and different internal expenses, the results and trading of the same strategy on other platforms may differ substantially from those described herein.

In My Opinion: Managed Retirement Plan Participants:
Most of you are managed using Lifetime Evolution and our sub-advised funds, so those topics will be most applicable to your account. But, more and more of you are in plans using Market Leaders. If so, that newsletter section may interest you


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