Annual Reports
Form ADV Part 2
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BCN Advantage – 2024 Annual Report
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2024, the S&P 500 rose +23.3% to 5,882, the Nasdaq +28.6% to 19,311, and the Dow +12.9% to 42,544. The IBD Mutual Fund Index gained +8.78%. […]
BCN Advantage – 2023 Annual Report
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2023, the S&P 500 rose +24.2% to 4,770, the Nasdaq +43.4% to 15,011, and the Dow +13.7% to 37,690. The IBD Mutual Fund Index gained +18.21%. […]
BCN Advantage – 2022 Annual Report
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2022, the S&P 500 fell -19.4% to 3,840, the Nasdaq -33.1% to 10,467, and the Dow -8.8% to 33,147. The IBD Mutual Fund Index declined -35%. […]
BCN Advantage – 2021 Annual Report
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2021, the S&P 500 gained +26.9% to 4,766, the Nasdaq +21.4% to 15,645, and the Dow +18.7% to 36,338. Marking an important divergence: the IBD Mutual […]
BCN ADVANTAGE: 2020 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2020, the S&P 500 gained +16.3% to 3,756, the Nasdaq +43.6% to 12,888, and the Dow +7.2% to 30,607. These are extraordinary gains coming in the […]
BCN ADVANTAGE: 2019 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2019, the S&P 500 gained +28.9% to 3,231, the Nasdaq +35.2% to 8,973, and the Dow +22.3% to 28,538. The IBD Mutual Fund Index rose +29.59%. […]
BCN ADVANTAGE: 2018 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2018, the S&P 500 fell -6.2% to 2,507, the Nasdaq -3.9% to 6,635, and the Dow -5.6% to 23,328, breaking a streak of 9 straight years […]
BCN ADVANTAGE: 2017 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2017, the S&P 500 rallied 19.4% to 2,674, the Nasdaq 28.2% to 6,903, and the Dow 25.1% to 24,719. It’s been a nine-peat: nine straight years […]
BCN ADVANTAGE: 2016 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2016, the S&P 500 rose 9.5% to 2,239, the Dow 13.4% to 19,763 and the Nasdaq 7.5% to 5,383. The IBD Mutual Fund Index gained only […]
BCN ADVANTAGE: 2015 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2015, the S&P 500 declined a fractional -0.7% to 2,044, the Dow fell -2.2% to 17,425 and the Nasdaq rose 5.7% to 5,007. Stocks around the […]
BCN ADVANTAGE: 2014 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2014, the S&P 500 climbed 11.4% to 2,059, the Dow gained 7.5% to 17,823 and the Nasdaq rose 13.4% to 4,736. While large-cap stocks had a […]
BCN ADVANTAGE: 2013 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report The S&P 500 rose 29.6% in 2013, its best annual performance since 1997. The Dow climbed 26.5%, its best year since 1995. The Nasdaq soared 38.3%, its […]
BCN ADVANTAGE: 2012 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2012, the DJIA closed at 13,104, up 7.3%, the Nasdaq at 3,019, up 15.9% and the S&P 500 at 1,426, up 13.4%. Financials were the strongest […]
BCN ADVANTAGE: 2011 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2011, the DJIA closed at 12,218, up +5.5%. The Nasdaq closed at 2,605, down -1.8%. The S&P 500 finished exactly where it began the year, closing […]
BCN ADVANTAGE: 2010 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For 2010, the DJIA was up 11.0% (closing at 11,578), the S&P 500 was up 12.8% (closing at 1,258) and the Nasdaq was up 16.9% (closing at […]
BCN ADVANTAGE: 2009 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report Numerous market records were set during the first decade of the new millennium, including the price of Gold: $1,217.40 December 2009, Oil: $147.27 July 2008, Gasoline: $4.114 […]
BCN ADVANTAGE: 2008 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report We hope the real lesson of 2008 is clear: “Buy-and-Hold” as a reliable strategy in every market does not work. Either you exited stocks early in 2008 […]
BCN ADVANTAGE: 2007 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report Last year’s annual report ended with a question: “Is this 1995-1999 all over again, the last time the Fed ended a series of interest rate hikes? Or […]
BCN ADVANTAGE: 2006 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report We are in the late stages of a 4-year bull cycle that began in October 2002. This is the 5th longest bull market in the past 75 […]
BCN ADVANTAGE: 2005 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report For the major market indexes, 2005 was a roller-coaster ride in the truest sense – peaks and dips and rolls that ultimately ended (almost exactly) where the […]
BCN ADVANTAGE: 2004 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report Measured from the October 2002 low, the current bull market is now 26 months old. How have BCN Advantage clients faired? First, it’s important to remember our […]
BCN ADVANTAGE: 2003 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report On May 1st, standing on the deck of an aircraft carrier streaming through the Atlantic, President Bush declared an end to “major military operations” in Iraq. If […]
BCN ADVANTAGE: 2002 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report The market has been so bad for so long, the numbers read like a history lesson: The Nasdaq fell 39.3% in 2000, 21.1% in 2001, and 31.5% […]
BCN ADVANTAGE: 2001 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report We are, to say the least, extremely pleased with our 2001 performance. In the throes of a brutal bear market, we outperformed a passive buy & hold […]
BCN ADVANTAGE: 2000 ANNUAL REPORT
/in Annual Reports/by Jeff BratzlerDownload Full Report No, we are not happy with our 2000 performance. But before we get to the missteps, here’s a quick look at what we got right: We correctly […]