2017 First Half Review – North America – Major Indexes & Sectors

SYNOPSIS

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If you have plenty of tech stocks in your portfolio, this may have been you last week… definitely not sure that you want another ride like that! In fairness, we did warn you several times that June is the worst month of the year for Information Technology stocks. Did we follow our own advice on that? Not entirely, unfortunately. Some of those juicy trend values were too hard to resist. The good news is that July’s gains in Information Technology equities typically offset June losses. Let’s hope that it’s a typical July in that respect.

PTP… Our ProfiTrend Portfolio APAR (annualized price appreciation rate) plunged to 41% from 104% a week earlier. Mind you, that’s still ahead of the S&P 500 APAR which pulled back to 11%, and the S&P/TSX Composite Index APAR which dropped from 5% to zero.

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Last Week in the Major Indexes… Nasdaq took a -2.0% hit last week, and VIX actually spiked above 15% briefly. The S&P/TSX Small Cap Index was the only major index that we track that had a reasonable 1-week gain of 0.6%
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Last Week in the Sectors… Forget tech! Health Care and (US-) Financial Services are better places to look for profits right now.

Featured Charts… 2017 First Half Review – North America – Major Indexes & Sectors
It’s hard to believe that we’re half way through the year already, but it’s true. Q2 wrapped up on Friday, and the final week was anything but calm! After running through the best bets based on trend, we take a look back at what’s happened so far during the first six months of 2017.

Investor Confidence… The June results for the State Street Investor Confidence Index were released this past week. The Global Investor Confidence Index declined slightly in June. The Index now stands at 101.0, down from May’s revised reading of 102.6.

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As usual we provide more detail on the regional ICI’s in the main body of TrendWatch Weekly.