True or False

________ 11.) Durable goods orders can be skewed by large aircraft and defense orders.

________ 12.) An advantage of risk parity funds is that they do not utilize leverage.

________ 13.) Housing start data is impacted by building type, such as a single or multi-unit property.

________ 14.) Gold is used by some investors as a currency hedge.

________ 15.) A BBB rated company has a credit rating that represents junk bond status.

________ 16.) Highly competitive industries generally earn low returns.

________ 17.) High income and high consumption are mostly positive for the stock market.

________ 18.) If possible, it is good to hold active stock mutual funds in tax-deferred accounts.

________ 19.) Markets have done poorly when the Federal Reserve is in an expansive mode.

________ 20.) Adding beyond 10 stocks to your portfolio does not increase portfolio diversification.

________ 21.) The stock market usually anticipates economic trends by about six months.

________ 22.) Recessions are typically defined as four negative quarters of GDP.