It’s Good Friday and the first day of Pesah, everyone! Two great religious holidays are falling on the same day – a rare occurrence even though they are related. Spring is really here – trees are starting to turn soft pinks and bright whites, the daffodills went nuts all over the county and we just had our lawn mowed for the first time this year.
In spite of all this hopeful news, it’s been a down week on the stock market, but overall the DJI is still in pretty good shape. The Novartis (NVS) dividend of SFr 2.25 was $2.44 this week, but was at $2.49 just a few weeks ago. Shareholders of record Feb. 27 got their annual dividend this week.
So, we’re done with that little currency metric. Just note that it was only about a year or two ago when the Swiss franc and the US dollar were about equal.
Gold sank suddenly, but has recovered a bit to $1,631/oz., while silver closed at $31.71/oz. Crude oil closed at $103.25/bbl. Kitco has a great explanation of why commodity prices change, without all the hype you see and hear from people who want to sell you some.
And now for our Model Portfolio Index. Notice the big one-day jump in PPG. This is a good time to explain that one winning outrider can save a weak portfolio. Keep track of those big winners as well as the big losers and try to figure out why they are doing what they are doing: