RCM Robinson Capital Management LLC
  The Robinson Report           A quick and simple weekly market performance report.
Monday, May 28, 2007


Week in review:   
  • The Markets – Investors adjusted positions to consolidate gains last week ahead of the holiday weekend. Friday’s 0.49 percent increase in the Dow couldn’t offset the sluggishness of the previous four days, leading the Dow to close the week down 0.34 percent to 13,507.28. While the S&P broke a seven-year record on Monday, it failed to maintain that momentum the rest of the week, finishing at 1,515.73, a decline of 0.46 percent. The NASDAQ had a similar run, posting a six-year high on Wednesday only to close the week down 0.05 percent at 2,557.19.

  • Homes On Sale, Part I – The median price of a new home dropped 10.9 percent in April from a year ago and 11.1 percent from March, marking the biggest 12-month drop since 1970 and the largest single month drop on record. The price break fueled sales to an annual rate of 981,000 in April, well ahead of the 860,000 forecast by economists and an increase of 16.2 percent from the revised pace of 844,000 in March.

  • Homes On Sale, Part II – Purchases of new homes in the U.S. unexpectedly surged in April by the most in 14 years as buyers took advantage of the biggest decline in median prices since 1970. New-home sales rose 16 percent to an annual rate of 981,000, the highest this year, the Commerce Department said today in Washington. In a separate report, the department said that April orders for goods meant to last several years rose 0.6 percent, the third straight monthly increase.

  • More Money – President Bush is expected to sign a bill that includes the first minimum wage increase since 1997. Included in a supplemental spending bill for the Iraq war, the provision will increase the federal minimum wage from $5.15 to $7.25 over the next two years. Twenty-eight states and the District of Columbia have a minimum wage higher than the federal level.

ASSET CLASS RETURNS (see disclosures below)  


Portfolio Performance REVIEW (see disclosures below)  




"Never let the fear of striking out get in your way."
Babe Ruth


% change in week ending 05/25/07



US Lg Val (Russell 1000 Value)


US Sm (Russell 2000)


Intl (EAFE)


Intl Sm (EAFE Small)


3-5yr Govt (Bloomberg)



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The goal of RCM Robinson Capital is to successfully advise public institutions and private investors regarding their institutional fixed income and investment needs.

For more information, please call 1-415-771-9421.


% change

Bloomberg Silicon Valley Index

Last 12 months




Last 5 sessions




% change

Global Hedge Fund Index  (05/23/07)

Last 12 months




Last 5 days



RCM Robinson Capital Management LLC
27 Reed Blvd, Mill Valley, CA 94941
Tel: 1.415.771.9421
Fax: 415.762.1980

Weekly Market Review by OppenheimerFunds

Oppenheimer shareholder log-in














Portfolio Performance is calculated by the Bloomberg Professional System on a total return basis. Current portfolio allocations


Important Performance Disclosure Information

Asset Class returns are represented by market indexes that are unmanaged baskets of securities. Investors cannot directly invest in market indexes. Foreign securities involve additional risks, including foreign currency changes, political risks, foreign taxes and different methods of accounting and financial reporting.

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.   

Performance quoted is past performance and cannot guarantee comparable future results. Performance figures reflect reinvestment of distributions and changes in net asset value (NAV). Investment return and principal value will vary so that you may have a gain or loss when you sell shares. The contingent deferred sales charge (CDSC) on Class C is 1%. No CDSC will be imposed on redemptions of Class C shares following one year from date shares were purchased. Performance shown does not include applicable CDSC, which would have reduced performance.


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.      

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.

Asset Class - a group of investments that share similar risk and return characteristics.

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.

RCM Robinson Capital Management LLC, Securities America, Inc, 27 Reed Boulevard, Mill Valley, CA 94941

(phone) 415-771-9421       (fax) 415-762-1980