An old friend of mine over at S&P, Howard Silverblatt, just sent over some market stats for the month of June. Man, they weren’t pretty.
Overall, it was the worst June for the broad-market S&P 500 since 1930.
Only 66 issues gained in price and six members lost more than 40% of their value.
And the index lost 8.6%, the biggest decline since September 2002, amounting to a little more than a trillion dollars in market shrinkage.
Ouch!
Related posts:
- More on the retailers … As my Money & Markets article was getting sent to you, the total retail sales numbers for June were getting...
- The market’s half-way point, and deceiving percentages … I received an interesting stat the other day … Based on Wednesday’s close, the S&P 500 was up 39.64% from...
- Follow-up on college costs … One of the topics I discussed in last month’s Dividend Superstars issue was higher costs for higher learning. And while it’s certainly...
{ 1 comment… read it below or add one }
Hi, Jimmy. Yes, I try to cover the gamut of income-producing stocks — in the portfolio right now, we currently have a REIT, a BDC, two MLPs, many U.S. and international dividend stocks, etc. I also do articles on bonds, funds, and
ETFs from time to time. Some of the categories you mention haven’t received much play in the newsletter yet, but that doesn’t mean I won’t handle them in future issues. Regarding MLPs, you’re right. There are definitely some tax issues, and a lot depends
on the individual’s particular situation. But I devoted an entire issue to this category of investments, and gave some general guidelines for how taxation of MLP distributions works. If you subscribe (and I hope you do!) you’ll have access to that issue.
Thanks for your interest, Nilus