Last week, U.S. markets broke out to the upside as the Trump rally resumed its steady, upward march. The S&P 500 gained 1.19%, the Dow Jones jumped 0.93% and the Nasdaq soared 1.49%.
The MSCI Emerging Markets Index continued its stealth rally, clocking a 1.12% gain. Plus, six of your seven Smart Money Masters’ positions rose over the past week.
Bill Ackman’s #1 pick, Restaurant Brands International (QSR), continued its strong run by adding another 5.63%. Bets by Warren Buffett on Kraft Heinz (KHC), by Carl Icahn on PayPal Holdings (PYPL) and by Charlie Munger on his favorite stock, Costco (COST), rose 4.47%, 1.95% and 1.91%, respectively.
All but one of your of your positions, Navigator Holdings (NVGS), are trading above their 50-day moving averages and remain BUYs.
U.S. stock markets continued their remarkable rally. The S&P 500 hasn’t dropped more than 0.25% in the past three weeks. More impressively, it hasn’t dropped more than 1% in the last 89 trading days. That kind of steady performance has occurred only twice before in market history. The media may be unhappy with President Trump, but the U.S. stock market rally and soaring consumer confidence suggest otherwise.
While U.S. investors are entranced by the rally in the S&P 500, the real stealth rally is in global markets. This is a sector that U.S. retail investors have all but abandoned after a Biblical seven years of performance famine.
Already, 11 out of 47 global stock markets I track have generated gains of 10% or more recently. The iShares Brazil MSCI ETF (EWZ) alone has rallied 20.13% this year.
Finally, please join me on a subscriber-only conference call today at 1:00 p.m. EST where I’ll be discussing “The Top Smart Money Trends for 2017.” I’ll be reviewing your Smart Money Masters‘ portfolio in detail, as well as providing my outlook for the stock market in the real world of President Donald Trump. You also will have a chance to pose questions to me directly.
Participating in the event is easy — all you need to do is answer your phone when we call you today between 12:55 and 1:05 p.m. Eastern (9:55 and 10:05 a.m. Pacific).
Portfolio Update
Restaurant Brands International (QSR) soared this week on news that the company has placed a bid for the Popeye’s fast food franchise, seeking to add it to its stable of Burger King and Tim Hortons, which originally launched in Canada before expanding into the United States. Our QSR position is up a whopping 18.49% over the past month.
The Kraft Heinz Company (KHC) closed a strong week despite abandoning its surprise hostile bid of $143 billion for Anglo-Dutch consumer products giant Unilever. The merger would have formed the world’s largest consumer goods company, with an estimated value north of $200 billion. A deal may happen in the future, such as the sale of Unilever’s Food and Refreshment’s business.
