Phil Rongo: June 16th 2025
Weekly Economic and Stock Market Commentary
As for the stock market specifically:
Friday’s action turned market gains into losses. Even the white-hot international markets lost some ground last week. As someone who rarely goes into attribution, I think it is pretty easy to attribute Friday’s losses to the air and missile strikes occurring in the Middle East. I think it was mere coincidence that this happened on Friday the 13th, and not stock market triskaidekaphobia.
This week brings the quarterly quadruple witching.
That normally entails more volatility than usual. As stated often, we generally like volatility in the up direction, and don’t care for it in the down direction.
You may or may remember that I track 6 major asset classes. There isn’t much commentary about them because they don’t change positions very frequently. Last week saw international markets pass commodities as the 2nd strongest asset class and subsequently tie US stocks for 1st place.
My risk assessing tools are on offense and improved over the past week. Field position is good at this time. I continue to recommend WEALTH ACCUMULATION for clients.
Remember, Xs means OFFENSE or wealth accumulation, while Os means DEFENSE, or wealth preservation.
On a general note:
The Department of Labor had its monthly inflation week. Instead of giving 2 paragraphs of numbers with comparisons to the economists’ anticipated numbers, I am going to simplify the report this week. May inflation numbers – monthly and year-over-year, headline and core, consumer and producer – all came in better than expected by 0.1%.
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Phil Beat The S&P 500... 8 YEARS IN A ROW!
THE RESULTS SPEAK FOR THEMSELVES
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Verified by Nasdaq Dorsey Wright and The Spaulding Group:
There’s about a 0.000026% chance that money managers will beat the S&P 8 years in a row... and Phil just did it.
One Million Dollars
Invested 2017-2024 would be:
S&P 500: 3.02 Million
Berkshire Hathaway: 2.78 Million
CORE OEX 4.08 Million
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If you’ve ever wondered “Am I still on the right track?” now’s the time to ask...
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Matt
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Disclaimer: The information provided in this communication is for informational purposes only and should not be construed as investment advice or a recommendation to buy or sell any particular security or investment. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. It is important to conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions expressed herein are those of the author and do not necessarily reflect the views of the firm. This material is based on information believed to be reliable, but no warranty is given regarding its accuracy or completeness.