© 2019 by AmericaFirst Quantitative Funds.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

 

Investors should carefully consider the investment objectives, risks, charges and expenses of AmericaFirst Funds.  This and other important information about the Fund is contained in the prospectus, which can be obtained at www.AmericaFirstFunds.com or by calling 866-960-1355. Read the prospectus carefully before investing. 

 

Mutual Funds involve risk including risk including the possible loss of principal. Of course, there is no guarantee that any investment strategy will achieve its objectives.

Diversification does not ensure profit or prevent losses and there is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. The success of the Fund’s hedging strategy will also be subject to the Adviser’s ability to continually recalculate, readjust, and execute hedges in an efficient and timely manner.  An imperfect correlation between such hedging instruments may prevent the Fund form achieving the intended hedge or expose the Fund to risk of loss.

The AmericaFirst Quantitative Funds are distributed by Arbor Court Capital.

January 24th, 2020

Summary

The S&P 500 finished the day 0.90% lower. European stocks gained 0.86%. Asian equities were up by 0.11%.  Domestic bond yields decreased from 1.732% to 1.687% and German bonds fell to -0.333%. The Japanese 10-year bond rose to -0.020%. The US Dollar gained 0.17% and Gold rose 0.34%. 2019 saw the lowest level of layoffs in 50 years and most states in the U.S. experienced a fall in joblessness.

Domestic Market Indices

  • The Dow Jones Industrial Average* was down 170 points or 0.58% to 28,989.73

  • The Standard & Poor's 500 Index was down 30 points or 0.90% to 3,295.47

  • The NASDAQ Composite Index was down 88 points or 0.93% to 9,314.91

International Market Indices

  • The STOXX Europe 600 Index was up 4 points or 0.86% to 423.64

  • The Asia Dow Index was up 4 points or 0.11% to 3,523.54

  • The FTSE All-World Emerging Latin America Index was up 17 points or 0.58% to 2,925

Bond Rates

  • The U.S. 10-year Bond yield fell to 1.687%

  • The Germany 10-year Bond yield fell to -0.333%

  • The Japan 10-year Bond yield rose to -0.020%

Commodity Markets

  • Gold (Continuous Contract) rose 5.40 to $1,570.80 or up 0.34%

  • Crude Oil WTI (NYM $/bbl) fell 1.26 to $54.33 or down 1.26%

Currency Markets

  • The US Dollar rose $0.17 or 0.17% to $97.86

  • The Euro fell $0.0025 or 0.23% to $1.1030

  • The Pound fell $0.0044 or 0.34% to $1.3080

  • The Bitcoin rose $98.34 or 1.17% to $8,489.74