Some Good News for A Change

Before we get into all the good news out there, let us first take a look at what the term "news" really means. By definition, the term "news" means the exception to the norm. If it is expected to happen then it is not news. If it differs from the norm, then it is news.

Here is a good example - if on a given day all planes landed safely at JFK International Airport in New York, is this news? Nope. If one of those planes crash, is this news? Yep. See what I mean. Take into account also that media needs to sell itself whether through subscriptions or by advertisements and you end up hearing a lot of bad news. I don't know about you but I want to enjoy my life and not have the media make me feel depressed. So, let us take a look at some of all the good things happening on Wall Street which I feel will lead us into the next bull market for stocks.

- Corporate earnings are near an all time high and are growing at a double-digit pace.

- Corporate balance sheets are stocked full of cash. Companies in the S&P 500 Index have $634 billion in cash that can be used for equipment purchases, dividends, share buyback programs, or acquisitions.

- Cash sitting in money market funds and savings accounts are at high levels. Money market funds alone are at $1.9 trillion. This is potential fuel for the stock market.

- Total employment in the US is higher than it has ever been and the unemployment rate is below the historical average.

- Personal net worth excluding your home is at record levels.

- The money supply growth has been positive. M3, the broadest measure of money, has grown by $266 billion so far this year.

- Interest rates are still low.

- Inflation is low.

- The S&P 500 Index's price-to-earnings ratio is actually lower now than it was at the bottom of the bear market in October 2002.

In my opinion, stocks look undervalued now compared to other investments. One of these days something will happen, I do not know what, that will trigger the market to move higher. Even the Fed's own model shows the S&P 500 to be about thirty percent undervalued. Plenty of good news out there . . .

Peace and Goodwill!

Roland R. Manarin is president and founder of the Manarin family of financial companies which manages in excess of $350 million.

http://www.Manarin.com

http://www.LifetimeAchievementFund.com

In The News:

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Top stock picks from the biggest hedge funds and mutual funds  The Globe and MailA roundup of what The Globe and Mail's market strategist Scott Barlow is reading today on the Web. Citi U.S. equity strategist Tobias Levkovich compiled the ...
What India's top three mutual funds bought and sold in March  Economic TimesIndias largest money manager held 1.5 trillion rupees in equities.
Top 10 stocks that mutual fund managers bought and sold in March 2019  Moneycontrol.comData for equity flows into mutual funds for March came as a breather after a weak February. An increase in net inflows in equity and income category led to the ...
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Mutual funds bet big on these 30 stocks in November; do you own any?  Moneycontrol.comThe Indian equity market rose about 5 percent in November but what was more heartening to see was inflows into mutual funds. Investors pumped Rs 1.4 lakh ...
Mutual funds shooting themselves in the foot?  Economic TimesWhat if banks take a leaf out of Kotak and HDFC Mutual Funds' decision to direct investors to come another day to get their money instead of paying them on the ...
Should I increase investments in mutual funds once I have more money to invest?  Economic TimesI am a 19-year-old student. I want to invest Rs 2,500 per month in mutual funds for 7-8 years. Can I increase the investment amount with time—once I have more ...
27-year-old rule changed: Disclosure limit on MF, stock investment up for bureaucrats  Economic TimesGroup A and B officials had to intimate government if total transaction in shares or MFs exceeded Rs 50K.
Investors sent net $3.99 bln into U.S. stock mutual funds, ETFs last week -ICI  Yahoo FinanceBy Jennifer Ablan NEW YORK, April 24 (Reuters) - Investors sent a net $3.99 billion into mutual funds and exchange-traded funds that hold U.S. stocks last week ...
What top mutual funds bought and sold last month  LivemintMumbai: Inflows into Indian equity mutual funds in January were the smallest in two years as heightened market volatility and political uncertainty cooled ...
Check out what top five mutual funds bought & sold during October selloff  Economic TimesNEW DELHI: Mutual funds stood resilient as industry's asset base increased to Rs 22.23 lakh crore in October in spite of a heavy correction in the domestic ...
5 funds that outperformed the recent surge in Nifty returns  Economic TimesFunds that bet on banks and financial services managed to outperform during this period.
Why your core equity portfolio should be in index mutual funds  Economic TimesInvestors flock to the performing fund “after” it has beaten the index. Fund selection is not an exact science, and there will be hits and misses.
Here’s a better tool to judge mutual fund performance than simple 1-year, 3-year returns  Economic TimesOne invests in mutual funds to earn potentially higher returns than those in traditional investment products, and I'm sure everyone looks at the one-year, ...
New SIP investors feel the pain as equity fund returns disappoint  Economic TimesSip by sip: That's how the average Indian had a taste of equities in the past couple of years. But the steady road to riches, which involved monthly mutual fund ...
What India's top three mutual funds bought and sold in February  LivemintMUMBAI: Inflows into Indian equity mutual funds in February were the smallest in more than two years as savers held back investments amid market volatility ...
Mutual funds may need smart bets on smallcap stocks to beat ETF show  Economic TimesSmallcap stocks could see up to ₹1 lakh cr inflow as fund managers look for potential winners: Analysts.
These are fertile grounds for long-term stock pickers, says Samir Rachh of Reliance Mutual Fund  Economic TimesSmall cap funds are going through a rough patch after a bull run in 2017. etmutualfunds.com spoke to Samir Rachh, fund manager, Reliance Small Cap Fund, ...
When should you sell your mutual fund schemes? - Stocks and equity mutual funds are different  Economic TimesInvesting in an individual stock and equity mutual fund scheme is different. You must look at various parameters like key ratios while investing in a stock. Hence ...
Debt mutual funds with Zee exposure send investors into a tizzy  Economic TimesMUMBAI: Worries about the prospects of debt mutual funds holding securities of Subhash Chandra's Essel Group entities have resurfaced after Kotak Mutual ...
We have beaten our benchmark by 2.5% annually since inception, says Atul Kumar of Quantum MF  Economic TimesWhen the market goes up and the stocks seem overvalued, above our limit, we sell those stocks. And in a rallying market, it is difficult to find other good stocks at ...
Mutual funds' exposure to banks hits 3-month low of Rs 1.88 lakh crore in Sept  Economic TimesMutual funds' holding of banking stocks declined by over Rs 21,600 crore to Rs 1.88 lakh crore in September, driven by the correction in equity markets.
Why it is a bad idea to always look for outperformers while investing in mutual funds  Economic TimesOne of the most important features that any investor, wealth adviser or anyone in the financial media looks for in an investment product is its track record in ...
Flows to equity mutual funds rebound as rally spurs risk appetite  Economic TimesStock funds took in about 118 billion rupees ($1.7 billion), the highest since October.
BJP’s Amit Shah has diversified stock investment portfolio; Rahul Gandhi prefers mutual funds  Economic TimesShah held shares worth Rs 17.56 cr as of March 22, while Gandhi has MFs worth Rs 5.19 cr.
Which mutual funds are good to invest Rs 25 lakh for 10 years?  Economic TimesWhich is the best way to invest Rs 25 lakh in a mutual fund. I don't need the money for the next 10 years. I am happy with 12% returns. And what are the funds I ...
How income from stocks and mutual funds are taxed for an individual  Moneycontrol.comCapital gains from transfer of unlisted share are considered as STCG where period of holding is less than or equal to 24 months, and LTCG when holding period ...
Diversify equity portfolio with international funds  Economic TimesAs a part of diversifying your equity portfolio, wealth managers believe investors should diversify geographically using mutual funds. They can do this by ...
Quantum Mutual Fund uses cash pile to buy stocks cheap  Economic TimesQuantum Long Term Equity Value Fund, where value investing is the pronounced fund allocation theme, has brought down the level of cash at its plan to the ...
What India's top three MFs bought and sold in January  Economic TimesStock funds took in a net Rs 6160 crore, the least since January 2017.
At least 100 MF schemes own these stocks; that should mean something, right?  Economic TimesDomestic institutional investors have become one of the key market drivers in recent years.
How your mutual funds played the balancing act during stocks crash  Economic TimesBy Bhavana Acharya The last three months has been a bumpy ride for largecap stocks. The year so far has been unkind to the midcap and smallcap set.
How stocks picked by mutual funds over 2014 to 2017 have performed  Economic TimesWhile the most wanted stocks of 2014 and 2015 have done well, the recent picks have disappointed.
2019 is the year of SIP, says S Naren of ICICI Prudential Mutual Fund  Economic TimesNSE Nifty 50 price-to-earnings ratio reached the highest level of 29.24 on April 2. Does it mean markets are overvalued? Should new investors enter in the ...
Quant-based mutual fund schemes are coming. Should you invest?  Economic TimesMany mutual fund advisors believe quant-based mutual funds are the future of the Indian mutual fund industry.
Is it time to invest in mid cap and small cap mutual fund schemes?  Economic TimesMany market pundits believe this is the right time to enter in small cap and mid cap segments.
Three large mutual funds opposed to L&T’s takeover of Mindtree  Economic TimesMUMBAI: Three large mutual funds holding shares of Mindtree are opposed to L&T's hostile takeover attempt of the mid-sized software company.
Why stock market volatility is beneficial for mutual fund SIP investors  Economic TimesWhile investing through systematic investment plans, you make more money precisely because the markets are facing volatility.
Should you shift from large-cap mutual funds to index funds?  Economic TimesThe index fund category of mutual fund schemes is slowly gaining traction among investors. The fortunes of index funds are changing as not only are they being ...
Best mutual funds to invest in 2019  Economic TimesEveryone wants to invest in the best mutual funds. In fact, it is the sole reason why many investors keep on postponing their investments forever. Most mutual ...

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