Entries by Jeff Bratzler

BCN ADVANTAGE: 2015 ANNUAL REPORT

Download Full Report For 2015, the S&P 500 declined a fractional -0.7% to 2,044, the Dow fell -2.2% to 17,425 and the Nasdaq rose 5.7% to 5,007. Stocks around the world began 2016 with one of the worst Januarys on record, as slumping oil prices, deepening concerns over China, and the Federal Reserve’s first interest […]

BCN ADVANTAGE: 2014 ANNUAL REPORT

Download Full Report For 2014, the S&P 500 climbed 11.4% to 2,059, the Dow gained 7.5% to 17,823 and the Nasdaq rose 13.4% to 4,736. While large-cap stocks had a good year, small and mid-caps stocks moved mostly sideways. As a result, only 8 percent of U.S. diversified stock funds beat the S&P 500 in […]

BCN ADVANTAGE: 2013 ANNUAL REPORT

Download Full Report The S&P 500 rose 29.6% in 2013, its best annual performance since 1997. The Dow climbed 26.5%, its best year since 1995. The Nasdaq soared 38.3%, its best year since 2009. GDP rose 4.1% in Q3 and 3.2% in Q4. 2013 was the best year for IPOs since 2000. A total of […]

BCN ADVANTAGE: 2012 ANNUAL REPORT

Download Full Report For 2012, the DJIA closed at 13,104, up 7.3%, the Nasdaq at 3,019, up 15.9% and the S&P 500 at 1,426, up 13.4%. Financials were the strongest industry sector, gaining more than 26%. Of the ten S&P 500 sectors, only utilities ended the year lower, falling 2.9%. Markets tend to do things […]

BCN ADVANTAGE: 2011 ANNUAL REPORT

Download Full Report For 2011, the DJIA closed at 12,218, up +5.5%. The Nasdaq closed at 2,605, down -1.8%. The S&P 500 finished exactly where it began the year, closing at 1,258. With all three indexes nearly flat, historians might mistake 2011 for a quiet year – but investors who lived through it know better. […]

BCN ADVANTAGE: 2010 ANNUAL REPORT

Download Full Report For 2010, the DJIA was up 11.0% (closing at 11,578), the S&P 500 was up 12.8% (closing at 1,258) and the Nasdaq was up 16.9% (closing at 2,653). We endured a wild ride that saw two significant corrections, the first beginning in mid-January, taking the markets down -8.1%, the second beginning in […]

BCN ADVANTAGE: 2009 ANNUAL REPORT

Download Full Report Numerous market records were set during the first decade of the new millennium, including the price of Gold: $1,217.40 December 2009, Oil: $147.27 July 2008, Gasoline: $4.114 July 2008, the Euro: $1.6038 July 2008, the DJIA: 14,165 on October 9, 2007, the S&P 500: 1,565 on October 9, 2007, and the Nasdaq: […]

BCN ADVANTAGE: 2008 ANNUAL REPORT

Download Full Report We hope the real lesson of 2008 is clear: “Buy-and-Hold” as a reliable strategy in every market does not work. Either you exited stocks early in 2008 – or wish you did. The former is practicing, the latter is aspiring, all are converts. Even Warren Buffett, America’s greatest investor, follows a timing […]

BCN ADVANTAGE: 2007 ANNUAL REPORT

Download Full Report Last year’s annual report ended with a question: “Is this 1995-1999 all over again, the last time the Fed ended a series of interest rate hikes? Or will the markets finally surrender to historical precedent? Our job is to identify the real trend – early – ahead of the crowd.” Well, we […]

BCN ADVANTAGE: 2006 ANNUAL REPORT

Download Full Report We are in the late stages of a 4-year bull cycle that began in October 2002. This is the 5th longest bull market in the past 75 years. This is the 2nd longest period in the history of the S&P 500 without a 10% correction. And this is now the longest period […]