Monday, May 27, 2013 marks the day for memory of the many who are serving and have served in the armed forces. As such markets, governmental agencies, and our office will be closed.
Thanks to those of the armed forces
With family, clients and friends who are serving in the armed forces I feel
(barely) worthy of the ability to wish them well, as they are the reason many civilians such as our selves are able to live the way we do. Thanks ladies and gentlemen we MUCH appreciate what you do and have done.
Skeleton crew in the afternoon today at J.K. Financial, Inc.
Cathy is off today enjoying a much-needed and deserved extended 4 day weekend. Donald will be causing machines their usual fatigue via his work load requirements but taking in many holes of golf over the next few as a bachelor weekend is in his crosshairs. I will be out of the office later in the evening, slightly before close, but of course happily tethered electronically.
Server Service Reminder
Thursday May 30th, 2013 at noon and continuing all day Friday we will be without our server, email, vaults, and electronic files. Our plans are to be powered up on Monday June 3, 2013 as including the weekend, we should be back up by Monday morning.
This blog is on a different system, if we have issues we will be able to notify you via a post…again, a nice feature of this technology.
Have a great Friday and a Super Memorial Day weekend.. See you on Tuesday!
John Kvale
214-706-4300
http://www.jkfinancialinc.com
8222 Douglas Ave # 590
Dallas, TX 75225
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Money Flow Update, Long Weekend, Happy Memorial Day !
Investor Money Flows continue to move heavily towards bonds, but light is shed on the sources.
We have wondered out loud (Page 6-7) where and why investors are pulling cash in order to chase elevated bond funds, and it appears, according to ICI, Investment Company Institute , that much of the fund flow is coming from Money Market Funds.
From ICI’s latest report, Money Market Funds lost $125 billion in March, with April inflows to Equity funds marked at $13 billion, and Bond Inflows showing a whopping $27 billion with no signs of slowing.
A few interesting total asset values according to ICI:
Total Fund Assets $11.2 Trillion
Memorial Day
This weekend marks the official start to summer for the Kvale family, as pools open, (finally, according to thunder and lightning…my 2 and 5 year old) and Memorial Day is honored on Monday, May 31st, 2010.
Enjoy your long weekend and have fun with the special ones’ in your life!
JK
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Tagged ICI, Memorial Day, Money Flows