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Week
in review:
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Earn
and Spend - Consumer spending increased 0.4 percent after a gain of 0.7 percent
in April, the Commerce Department said today in Washington.
Today's report also showed incomes rose 0.4 percent, more than expected, after a 0.7 percent increase that was larger than
the government reported last month. The May rise reflected a
jump in proprietors' income, while wages were unchanged.
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Make
each day count - A study by the Center for Retirement Research of people in their 50s
and 60s over a 10-year period showed that 41 percent were diagnosed
with a major medical condition like heart problems, diabetes or
cancer. Thirty-four percent suffered health issues that limited their
ability to work and 7 percent suffered a severe disability.
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Home
Sweet? Applications to purchase U.S. homes
declined last week to the lowest level since November 2003.
The refinancing index has fallen 46 percent from the same time in 2005, and the measure of purchase applications is down
27 percent from a peak in June last year.
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Playing
a Full Round - The Federal Reserve voted to raising the benchmark
Fed Funds rate to 5.25 percent, the 17th straight increase. An additional move
"may be needed'' only if new statistics warrant it. According to
the
Fed Funds
Futures, the probability of another increase by October remains above
90 percent.
-
Green
is Beautiful - Finishing a very challenged quarter, all
equity classes bolt for the sky this week, with US Small company
(Russell 2000) leading the charge, up 5 percent.
ASSET
CLASS RETURNS
Portfolio
Performance REVIEW
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"Silence is golden when you can't think of a good answer." --Muhammad Ali
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% change in week ending 6/30/06 |
S&P500 |
2.07 |
US Lg Val (Russell 1000 Value) |
2.65 |
US Sm (Russell 2000) |
5.00 |
Intl (EAFE) |
4.55 |
Intl Sm (EAFE Small) |
3.76 |
3-5yr Govt (Bloomberg) |
0.23 |
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% change
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Bloomberg Silicon Valley Index |
Last 12 months |
8.23 |
YTD |
(3.83) |
Last 5 sessions |
1.36 |
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% change
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Global Hedge Fund Index (6/28/06) |
Last 12 months |
6.77 |
YTD |
2.08 |
Last 5 days |
(0.07) |
CONTACT
US
RCM Robinson Capital Management LLC
27 Reed Blvd, Mill Valley, CA 94941
Tel: 1.415.771.9421
Fax: 415.762.1980
Email
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Portfolio
Performance is calculated by the Bloomberg
Professional System on a total return basis.
Current
portfolio allocations
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Important Performance Disclosure Information
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Portfolio
Performance is the total return of seven
unique asset allocation strategies
that seek to fit the distinct needs of different investor goals,
risk tolerance levels and investment time horizon. Each
portfolio contains up to 16 individual funds totaling over 4000
securities, managed by OppenheimerFunds.
The portfolios are
designed to create efficient diversification through the
selection of lower correlating asset classes.
The purpose of these tables and charts is
for you to follow specific market indexes, observe asset class
rotation and to compare actual portfolio returns.
Portfolio Performance is the total return of
seven unique asset allocation strategies that seek to fit the
distinct needs of different investor goals, risk tolerance
levels and investment time horizon. Each portfolio contains up
to 16 individual funds totaling over 4000 securities, managed by
OppenheimerFunds.
The portfolios are designed to create efficient diversification
through the selection of mutual funds that may have a low
correlation between asset classes.
The purpose of these tables and charts is for you to follow
specific market indexes, observe asset class rotation and to
compare actual portfolio returns net of management fees.
Asset allocation strategy is available
here.
Before
investing in any of the
OppenheimerFunds, investors should
carefully consider a fund's investment objectives, risks,
charges and expenses. The fund's prospectus contains this and
other information about the fund. Read prospectuses
carefully before investing.
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S&P 500 - Standard & Poor's 500 Index (not
including dividends) - generally considered a U.S. Large Growth
company market index. |
Russell
1000 Value Index (US Lg Val) - generally considered a U.S.
Large Value company market index. |
Russell 2000 Index (US Sm)- generally considered a U.S.
Small company market index. |
EAFE - EAFE Index (Intl) (not including dividends) Europe,
Australia, Far East and generally considered a large company
international market index. |
EAFE Sm - EAFE Small Index (Intl Sm) (not including dividends)
Europe, Australia, Far East and generally considered a small company
international market index. |
Bloomberg Silicon Valley
Index - market index of high tech companies located in the Silicon
Valley area. |
Global Hedge Fund Index - representative of the overall
composition of the hedge fund universe. It is comprised of eight strategies:
convertible arbitrage, merger arbitrage, equity hedge, equity market neutral,
relative value arbitrage, event driven, distressed securities, and macro. The
strategies are asset weighted based on the distribution of assets in the hedge
fund industry.
See hedge
fund risks. |
3-5yr Treas. - Bloomberg U.S. Government Treasuries
3-5 year maturities index and generally considered a intermediate
maturity U.S. Government Note index. |
All investments involve
risk, including loss of principal. Foreign securities involve additional
risks, including foreign currency changes, political changes, foreign
taxes, and different methods of accounting and financial reporting.
The
foregoing has been prepared solely for informational purposes, and is not
an offer to buy or sell or a solicitation of an offer to buy or sell any
security or instrument or to participate in any particular trading
strategy.
The information contained herein is based on
sources and data believed reliable, but is not guaranteed. Advisory
services offered through RCM Robinson Capital Management LLC, SEC
Registered Investment Advisor. Securities offered through Securities
America, Inc., Member FINRA/SIPC. Douglas C. Robinson, Registered
Representative. RCM Robinson Capital Management LLC and Securities
America, Inc. are separate and unaffiliated.
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