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The US markets ended mostly in red on Monday as key inflation data due this week could have a significant impact on the outlook for rates. The Labor Department is scheduled to release its reports on producer and consumer price inflation on Tuesday and Wednesday, respectively. Street expect producer prices to rise by 0.3 percent in April after edging up by 0.2 percent in March, while the annual rate of growth is expected to tick up to 2.2 percent from 2.1 percent. Consumer prices are expected to climb by 0.4 percent in April, matching the increase seen in March. Core consumer prices, which exclude food and energy prices, are expected to rise by 0.3 percent in April after climbing by 0.4 percent in March.
The annual rate of consumer price growth is expected to dip to 3.4 percent in April from 3.4 percent in March, while the annual rate of core consumer price growth is expected to slow to 3.6 percent from 3.8 percent. However, the major averages moved to the upside early in the session amid renewed optimism about an interest rate cut by Federal Reserve in the coming months contributed to the recent strength. On the sectoral front, most of the major sectors showed only modest moves on the day, contributing to the lackluster close by the broader markets. Airline stocks showed a substantial move to the upside, however, with the NYSE Arca Airline Index surging by 2.5 percent.
Dow Jones Industrial Average fell 81.33 points or 0.21 percent to 39,431.51and S&P 500 was down by 1.26 points or 0.02 to 5,221.42, while Nasdaq gained 47.37 points or 0.29 percent to 16,388.24.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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