In observance of this Memorial Day, we would like to share with you a poem written by a remarkable high school senior. Kelly Strong was a JROTC cadet at Homestead High, Homestead, FL. in 1981. It is a tribute to his father, a career marine who served two tours in Vietnam. Kelly ultimately joined the US Coast Guard and rose to the rank of Commander. He is now retired.

I watched the flag pass by one day.
It fluttered in the breeze.
A young Marine saluted it,
And then he stood at ease.
I looked at him in uniform
So young, so tall, so proud,
With hair cut square and eyes alert
He’d stand out in any crowd.
I thought how many men like him
Had fallen through the years.
How many died on foreign soil?
How many mothers’ tears?
How many pilots’ planes shot down?
How many died at sea?
How many foxholes were soldiers’ graves?
No, freedom isn’t free.

I heard the sound of taps one night,
When everything was still
I listened to the bugler play
And felt a sudden chill.
I wondered just how many times
That taps had meant “Amen,”
When a flag had draped a coffin
Of a brother or a friend.
I thought of all the children,
Of the mothers and the wives,
Of fathers, sons and husbands
With interrupted lives.
I thought about a graveyard
At the bottom of the sea
Of unmarked graves in Arlington.
No, freedom isn’t free.

Market Minute and a Half – 5/26/2017 – More Good News!

Although it’s common to have markets slowing a bit before a holiday break — and we would expect today’s markets to do just that — it’s actually been a very good week.

Yesterday the S&P 500 Index* and the Nasdaq Composite Index* closed at record highs. This may have been in part because Consumer Discretionary stocks and Retailing stocks are showing signs of more growth. The 6-day positive streak in markets (up through yesterday) is the longest streak of ‘up’ markets since February. That is likely a result of strong earnings growth. It pretty much goes without saying that nothing creates more investor confidence than growth in earnings. So to see that First Quarter earnings reports from S&P companies were showing the most gains since 2011 (Reuters this morning) is an encouraging word indeed. Add to that reports that early first quarter GDP will be revised upward this morning.

And one more thing – this past week gave us several technical buy signals on various indexes.  

That makes for a pretty doggone good week. As we slide into the holiday weekend, we remember that no markets go straight up, but that said, we continue to be pretty optimistic on this year’s market numbers.

Enjoy your weekend.  

Ronald P. Denk, CFP®
Investment Advisor
Denk Strategic Wealth Partners
Phone (602) 252-8700
Fax (602) 252-8701
Toll-Free (877) The-Denk
www.denkinvest.com
10000 N. 31st Avenue, Suite C-262
Phoenix, AZ 85051

This weekly article reflects news, commentary, opinions, viewpoints, analyses and other information developed by Denk Strategic Wealth Partners and/or select but unaffiliated third parties. DSWP provides Market Information for illustrative and informational purposes only. If you wish to receive this weekly commentary by email please contact us at 602-252-8700 or by e-mail at info@denkinvest.com.

Ronald Denk is an Advisory Representative offering services through Denk Strategic Wealth Partners, A Registered Investment Advisor. He is also a Registered Representative, offering investments through Lincoln Financial Securities Corporation, Member FINRA/SIPC.

Denk Strategic Wealth Partners is not affiliated with Lincoln Financial Securities Corporation. Information in this commentary is the sole opinion of Denk Strategic Wealth Partners. Past performance is no guarantee of future returns. All market related investments involve various types of risk, which include but are not restricted to, credit risk, interest rate risk, volatility, going concern risk, and market risk.

The Update provides information of a general nature regarding legislative or other developments. None of the information contained herein is intended as legal advice or opinions relative to specific matters, facts, situations or issues. Additional facts, information or future developments may affect the subjects addressed in this document. You should consult with an attorney, accountant or DSWP planner about your particular circumstances before acting on any of this information because it may not be applicable to your situation.

Lincoln Financial Securities and Denk Strategic Wealth Partners and their representatives do not offer tax advice. Please see your tax professional regarding your individual needs.

*The indices are representative of domestic markets and include the average performance of groups of widely held common stocks. Individuals cannot invest directly in any index and unlike investments, indices do not incur management fees, charges, or expenses, therefore specific index returns will be higher. Past performance is not indicative of future results.

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