The news of the week was the return to the public market of General Motors. Stock prices fell fairly aggressively on Tuesday only to recover the losses on Thursday in the aftermath of the GM IPO. A slow day today with mild buying in the last half hour brought the major indexes essentially to an unchanged reading for the week. The jury is still out on whether the short-term decline that began two weeks ago has run its course.
I have been working on a longer analytical piece that we will post on this site sometime next week. In the meantime, enjoy your weekend.
Tom Feeney is the Chief Investment Officer for Marathon Asset Management Co, a registered investment advisor with the Securities and Exchange Commission, and for Mission Management & Trust Co., a full service trust company regulated by the Arizona Department of Financial Institutions. If you would like to explore the management of an investment portfolio of $1 million or more by either of the firms, you are invited to email your interest to Tom@missiontrust.com or call (520) 529-2900 to speak with one of the Portfolio Coordinators.