RCM Robinson Capital Management LLC
 
  The Robinson Report           A quick and simple weekly market performance report.
Monday, April 23, 2007

 

 
Week in review:   
  • The Markets Strong earnings reports last week led the Dow to within less than 40 points of 13,000. The Dow finished the week at a new record close of 12,961.98, up 2.77 percent. The S&P climbed 2.17 percent to close at 1,484.35, and the NASDAQ gained 1.38 percent to end the week at 2,526.39.

  • Bright Spot for Building Home starts increased to an annualized 1.52 million in March, up from a revised 1.51 million in February and ahead of economists’ forecast of a 1.5 million rate, according to the Census Bureau. Building permits rose to an annualized rate of 1.54 million in March, up from 1.53 million in February and ahead of a forecast slow down of 1.52 million.

  • Crowded at the Top The number of ultra high net worth households in the U.S. – those with more than $5 million in net worth – grew to 1.14 million in 2006, compared to 930,000 in 2005 and just 250,000 in 1996. The Affluent Market Insights 2007 survey compiled by the Spectrem Group showed the number of millionaire households in the U.S. grew by 8 percent to 9 million in 2006, and those with a net worth of at least $500,000 similarly rose 9 percent to 15.3 million.

  • The Smartest Age The average American reaches his/her peak in terms of financial sophistication at the age of 53 (Source: The Age of Reason by Agarwal, Driscoll, Gabaix and Laibson).

  • Learning to Drive U.S. citizens own 12 times as many automobiles as that owned by citizens of China, yet China has 85 percent more traffic deaths a year than the U.S. (Source: Time Magazine).

  • I’m Not Feeling Well – An average American couple retiring at age 65 today would need a present value lump sum of $215,000 to cover future health care insurance premiums and out-of-pocket medical expenses over the remainder of their lives (Source: Fidelity Investments, AP, Rocky Mountain News).

ASSET CLASS RETURNS (see disclosures below)  


  


Portfolio Performance REVIEW (see disclosures below)  

   

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"Nothing is impossible. Some things are just less likely than others." --Jonathan Winters

 

% change in week ending 04/20/07

S&P500

2.17

US Lg Val (Russell 1000 Value)

2.13

US Sm (Russell 2000)

1.16

Intl (EAFE)

1.76

Intl Sm (EAFE Small)

0.47

3-5yr Govt (Bloomberg)

0.41

 

 

 

 

% change

Bloomberg Silicon Valley Index

Last 12 months

3.44  

YTD

4.16  

Last 5 sessions

1.96  

 

 

% change

Global Hedge Fund Index  (04/18/07)

Last 12 months

7.99

YTD

3.41

Last 5 days

0.71

 

CONTACT US

RCM Robinson Capital Management LLC
3997 Washington Street                          San Francisco, CA 94118
Tel: 1.800.334.8140
Fax: 415.762.1980
Email

Sutter Securities
555 California Street, Suite 3330        San Francisco, CA 94104
Tel: 1.800.334.8140
Fax: 415.762.1980
Email

 
Weekly Market Review by OppenheimerFunds

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Portfolio Performance is calculated by the Bloomberg Professional System on a total return basis. Current portfolio allocations and ©Morningstar Inc. Reports.

 

Additional Disclosures

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. Important performance disclosure information, including investment objectives, risks, charges and expenses for each 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.

Securities offered through ePlanning Securities Inc. - Member NASD/SIPC  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.  

All customer accounts at ePlanning are carried by National Financial Services LLC, a Fidelity Investments Company, and receive $99.5 million in account protection.  ePlanning is a Member of SIPC, which protects securities customers of its members up to $500,000 (including $100,000 for claims for cash). Explanatory brochure available upon request. Customers are therefore protected against the loss of securities in amounts up to $100 million. Such coverage does not protect against a decline in the market value of securities. 

Securities offered through ePlanning Securities Inc.  A Registered Broker/Dealer, member NASD/SIPC, Douglas C. Robinson, Registered Principal. Advisory services offered through RCM Robinson Capital Management LLC, a SEC Registered Investment Advisor. Public financing and investment banking offered though Sutter Securities. Inc.. RCM Robinson Capital Management LLC, ePlanning Securities, Sutter Securities and OppenheimerFunds are unaffiliated.

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

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