The Weekend Update is Now Available

The latest issue of the Iacono Research Weekend Update has been posted to the website and is now available for subscribers here. There were no changes to the model portfolio or the buy ratings this week, however, the current issue examines the possible implications of the looming “Fiscal Cliff” for gold prices and begins a review of individual stocks held in the model portfolio in these discussion topics:

The executive summary is as follows:

Despite more credit downgrades in Europe and sharply slower growth in China, U.S. equity markets moved higher late in the week after better-than-expected earnings from JP Morgan, widely considered to be the world’s best bank that only recently ran into trouble. This ended a string of six consecutive losing sessions for stocks as it becomes increasingly clear that the U.S. economy is weakening, but the Fed isn’t about to take action over the near-term.

The natural resource sector also rebounded late in the week with agricultural commodities posting impressive gains due to the heat and drought in the Midwest while energy and metal prices also rose. Gold and silver both advanced but mining stocks ended lower as the model portfolio fell 0.1 percent, now down 1.9 percent for the year.