Market Condition: Uptrend Continues ↑
This Issue looks at: Recent IPOs INVN, KORS
General Market Outlook: The market is in a continued uptrend. Institutional money is finding its way into the market as evidenced by the number of accumulation days this year. Last week the Nasdaq rose 2.8%, the S&P 500 rose 2.0 %, and the Dow rose 2.4%. Earnings season in underway and the market is rewarding and punishing companies based on their own merits. The “macro risk-off” trade appears to have abated, quality stocks are being rewarded.

The stock market is a result of the core driver of business that has made the United States a dominant economic power over the course of the last 200 years. The stock market has been volatile in the past ten years, but fundamentally it represents an opportunity for investors to participate in the upside of a companies growth. One of those companies is