Thanks to All Our Clients!
McAlvany Wealth Management enjoyed its annual client conference in Durango this week. I’d like to express my deepest thanks to all our clients! It’s such a pleasure for me, personally, and for the rest of the team to have these few days of in-person interaction. Given the happenings this week, we’ll leave HAI to just prices. Thanks so much, again, to all our clients! HAI will be back next week!
Weekly performance: The S&P 500 was down 2.43%. Gold was up 3.32%, silver gained 4.21%, platinum was off 1.35%, and palladium jumped 13.50%. The HUI gold miners index was down 1.11%. The IFRA iShares US Infrastructure ETF was down 1.59%. Energy commodities were volatile and down on the week. WTI crude oil was off 4.34%, while natural gas dropped 5.79%. The CRB Commodity Index was down 2.20%. Copper was lower by 4.66%. The Dow Jones US Specialty Real Estate Investment Trust Index was off 2.42%. The Vanguard Utilities ETF was nearly up 1.38%. The dollar index was up 1.15% to close the week at 98.85. The yield on the 10-yr U.S. Treasury was off 9 bps to close the week at 4.04%.
Have a wonderful weekend!
Best Regards,
Morgan Lewis
Investment Strategist & Co-Portfolio Manager
MWM LLC
