4th Quarter 2015 Outlook I recently read an article by Eric Parnell, CFA and would like to share portions of it with you. It provides a very good outlook for the 4th Quarter 2015. I trust you will find it as interesting as I did. Where We Are Now It was an ugly quarter for stocks from all around the…
Continue readingPicture yourself on vacation to a faraway island that started on Friday, August 21, 2015 for an entire week. On this vacation you were completely off the grid, no technology whatsoever— including cellphones, laptops, or anything that would allow you to keep up with the market. When you got back home you wouldn’t have noticed much change in the market…
Continue readingThe Federal Reserve meets next week and will debate the need to raise interest rates on short-term instruments. There seems to be no consensus either way. The data has weakened since their last meeting and events external to the U.S. economy are also weighing on their decision. Some developments would be made worse by a rate hike. Currencies in Turkey,…
Continue readingWith the current volatile market conditions I have decided to move to the sidelines with substantially all of the portfolio positions taking profits. With a large position in cash, we will be positioned to make reentry buys when the markets stabilize. I am very cautious at this time and look for a correction enabling us to avoid substantial losses. Thank…
Continue readingThe first revision for second quarter GDP has been released. The U.S. economy seems to have shaken off the winter pause with the economy, as measured by GDP, rising at a 2.6% annual rate in the second quarter. Also, the first quarter has been revised from a narrow loss to a narrow gain. However, the first half’s growth rate of…
Continue readingThe last revision for first quarter GDP has been released. The first quarter GDP growth came in at a negative 0.2%. The economy seems to be back on tract for a modest 2% to 2.5% growth rate currently. As we have mentioned before, the U.S. is “the cleanest dirty shirt in the laundry”. There are a lot of head winds…
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