As Americans turn their attention from giving thanks to bargain hunting, we take a moment to reflect on investment performance. There is much to be thankful for, including a resilient S&P 500, which is up 8.3% this year (10.45% with dividends).
As we bid farewell to Thanksgiving and turn our attention to holiday shopping, the Strategic Investment Team would like to take a moment to reflect the drivers of portfolio performance. This has been a tumultuous year in many ways. Despite this, there are numerous bright spots in the securities universe to which we owe thanks. We take a moment on this Thanksgiving weekend to recognize a few of them:
- Thank you U.S. Equities… for posting positive returns this year, despite the challenges of Brexit and the U.S. Presidential election.
- Thank you investment bankers… for convincing acquisitive companies to bid for stocks like Spectra Energy (SE), Time Warner (TWX) and NXP Semiconductors (NXPI).
- Thank you President-elect Trump… for a protectionist agenda, which has helped make U.S.-centric small cap the best performing asset class in our model allocation.
- Thank you infrastructure spend optimism… for breathing life into forgotten quality cyclicals like Caterpillar (CAT).
- Thank you uncertainty, doomsdayers & Mr. T… for propping Gold up as the second best performing asset class in our model allocation.
- Thank you OPEC… for attempting to show signs of cooperation; helping boost Energy to the best performing sector this year.
- Thank you selfies… for driving up demand for makeup and Ulta Salon’s share price.
But most of all
- Thank you clients of Strategic Financial Services… for the continued trust and confidence you have placed in the entire Strategic Team.
The Strategic Investment Team
Founded in 1979, Strategic is a leading investment and wealth management firm managing and advising on client assets of over $1.8 billion.Overview
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