THE RUNDOWN

FEBRUARY 27, 2020

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SOMETHING SOMEONE ONCE SAID

“You can’t go back and change the beginning, but you can start where you are and change the ending.”

-C.S. Lewis

MARKET RECAP 

As many equity indices continue to reach new all-time highs, investors are getting PTSD that the bulk of returns are coming from just a handful of mega cap companies. That’s because history shows a higher concentration in fewer names can lead to equity market bubbles, followed by major declines like we saw during the '00-'01 tech bubble. For sure, this type of concentration risk is worth watching. But returns from these companies are partially justified since they’re contributing a greater share to overall earnings, while accounting for less of the index’s overall market cap. To this point, the top 10 companies in the S&P 500 currently make up 22.7% of the index’s market value, relative to 25.2% in 1999. And, these mega cap companies are more evenly distributed across sectors – suggesting more stable earnings. In fact, today, only three technology companies are in the top 10, compared to six in 1999. So, while it may be smart to lock in some gains from these large companies, investors should take comfort in the fact that these mega caps are pulling their weight from an earnings perspective. At this point, it’s important to focus on striking a healthy balance between risk and protection in the later stages of an expansion. Stay safe out there, friends.

TOP PERFORMING S&P STOCKS (YEAR-TO-DATE)  

1) L BRANDS (LB) +31.35%

2) NORTON LIFELOCK (NLOK) +28.19%

3) SBA COMMUNICATIONS CORP (SBAC) +20.79%

4) T-MOBILE INC (TMUS) +20.61%

5) LENNAR CORP (LEN) +19.33%

 
 

TRENDING ON TWITTER TODAY

The Oscar-winning director dropped a trailer for his reprisal of Candyman today, and it’s some scary sh#t. This sneak peek’s anthem is a spooky a$s remix of Destiny Child’s hit single “Say My Name”. Queen Bey goes Mean Bey.  

Apparently, today has been dubbed Pokemon Day by someone. People are using this popular hashtag to share their thoughts about all things related to the Japanese monster-collecting franchise. If you’re surprised this is still a thing, you’re not alone.  

We’re sure you guessed it already, but this hashtag of course refers to World Wrestling Entertainment (WWE) Super ShowDown. This 10-match annual wrestling event is going down Friday at noon (EST) in Riyadh, Sauid Arabia, and includes a variety of matches including those of the steel cage and gauntlet varieties. Let’s get ready to rummbbble. 

BTS, the seven-member South Korean boy band, dropped a new music video today and a lot of people are pretty stoked about it. Almost 20 million people, to be exact. 

Someone has created a hashtag where Twitter users can post videos, meme’s, and just general advice about who to avoid. The tone oscillates from serious anecdotes to a GIF of Shaq swatting away negative thoughts.  #shazam

FINANCIAL ARTICLES WE LOVE

1.    How to Use Your 401k to Put a Down Payment on a House

Young people aren’t buying homes as much as they used to. But for anyone looking to unearth some extra cash for a down payment, you may want to consider using this little trick via your 401k. #themoreyouknow


2.    New Report Finds Only 16% of Millennials Qualify as "Financially Literate"

While we may consider ourselves savants of things like social media and the nuances of Netflix binging, turns out millennials aren’t all that woke when it comes to finance. A new report shows that only 16% of us are financially intelligent. It may be time to dust off that ol’ TI-89. Better yet, reach out to us and we can help you invest in smart things.


3.    Warren Buffett Warns Coronavirus will Affect Business, But He “Certainly Won’t Be Selling” Stocks

It seems everywhere you turn, all you hear about is how the Coronavirus will be the next Bubonic Plague. But despite his businesses taking it on the chin, Warren Buffet isn’t selling. In fact, he’s urging investors to look for buying opportunities amid the widespread panic. Check out what the Oracle of Omaha thinks about navigating the current market conditions.

 

THINGS WE'RE INTO

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WINE SELECTION:

2017 Syrah Colson County Vineyard

by Tensley Wines

$42

(95 Points, Wine Spectator)
 

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HOT READ:

The Mamba Mentality

by Kobe Bryant

get it on Amazon
 

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PODCAST PICKS:

Armchair Expert

(Armchair Umbrella)

find it where you podcast

 

 

DROPPING KNOWLEDGE

What is triskadekaphobia? Check the answers in the black box below.

SUBMIT YOUR FAVORITE TRIVIA QUESTION TO BE INCLUDED IN NEXT MONTH'S EDITION OF THE RUNDOWN.

IF YOURS IS SELECTED, YOU'LL WIN A $50 AMAZON GIFT CARD AND CUSTOM SWAG PACKAGE.

 

RESTAURANT RECOMMENDATIONS

1.

2.

NARI 

SAN FRANCISCO, CA,

www.narisf.com

3.

REZDORA 

NEW YORK, NY

rezdora.ny

 
 

ONE GOOD THING

It’s easy to look at all the data around climate change and say: ”We’re all f#cked.” But there may be hope on the horizon. A new-age coalition of 10 environmental groups is setting out to seriously combat the rapid rate of environmental deterioration. This band of climate vigilantes includes Bill Weihl (former sustainability chief at Google and Facebook) and Victoria Mills (managing director at Environmental Defense Fund). In this edition of OGT, you’ll see how they’re forcing big corporations to get their sh*t together in a big way when it comes to environmental accountability. Let our powers combine.

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CONTACT

INQUIRIES

For any inquiries or questions, please fill out the form or contact:

info@evervestment.com

LOCATION

10500 NE 8th Street, Suite 950

Bellevue, WA 98004

Tel: 425-467-4603

 

TRIVIA ANSWER: Fear of the number 13.  The term comes from the Ancient Greek word for 13 “treiskaideka” and is the reason for superstitious things like Friday the 13th.  And there’s one coming up on March 13th. (*rubs rabbit foot)   

DISCLOSURES

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**Evergreen may consider the tax consequences of certain investment decisions for the models used for client portfolios, the Evervestment program does not take into account the individual tax considerations of specific clients, and Evergreen does not provide any tax advice. The client is responsible for any tax implications and/or tax obligations that arise from the client’s decision to enroll in the Program.

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