IVV (S&P 500 ETF) is a holding in the Global Equity portfolio managed by CFS Investment Advisory Services L.L.C.
On July 12th the S&P 500 was down .5%.
July 12th was the sixth consecutive day of losses.
After minutes from the Federal Reserve Meeting on July 11th, the central bank showed concern from the recent market downturn, affecting the markets on July 12th.
Purchased EFA (iShares MSCI ETF), resulting in a reallocation of capital within Global Equity.
Purchased IJH (iShares MidCap 400 ETF), resulting in a reallocation of capital within Global Equity.
On July 24th the S&P 500 was down .9%.
The possibilities that Spain would have to seek a sovereign bailout and a record jump in the nations borrowing cost had adverse effects on the US markets.
Purchased IJR (iShares S&P SmallCap 600 ETF), resulting in a reallocation of capital within Global Equity.
On August 30th the S&P 500 was down .8%.
Investors were not investing heavily, because they were awaiting the press conference given by Ben Bernanke scheduled on August 31st 2012. Thus causing a very volatile market prior to the press conference.
On September 27th the S&P 500 was down .6%.
On September 26th the S&P 500 experienced its fifth straight day of losses, the longest decline since July, 2012.
The markets fell into the red following the comments made by a key Fed official. The official said the central bank’s bond buying program will not be effective enough to accelerate growth or improve the employment scenario.
On July 13th the S&P 500 was up 1.75%.
Positive news from JPMorgan brightened the prospects of other banks. The financial sector was the strongest performer among S&P 500’s 10 industry groups.
On July 26th, 2012 the S&P 500 was up 1.75%.
The gain in the market can be greatly attributed to ECB President Mario Draghi who vowed to safeguard the euro.
On September 13th, 2012 the S&P 500 was up 1.6%.
The Federal Reserve announced that it will buyback mortgage securities worth 40 billion every month until the labor market improves resulted in robust gains.
On November 25th, 2012 the S&P was up 1.3%.
The S&P 500 posted its second best weekly performance of the year.