Truth in Wealth Building

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Happy 7th Birthday Bull !!!

We are now 7 years from the Bear Market low of 3/09/09 when the S&P 500 hit a closing low of 677. The 2-years following the low the S&P 500 gained +101.7% on a total return basis. Since then the S&P 500 has gained an additional 70.0%. Remember it is time in the market –…

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Commodities continue upswing

Dick’s Sporting Goods reported fourth-quarter results that missed expectations. Fourth-quarter profits were a $1.13 per share on sales of $2.24 billion. Same store sales were down 2.5%. Shares of Dick’s Sporting Goods are off more than 6% on the report. (CNBC) Lattice Semiconductor chief financial officer Joe Bedewi is leaving the company in May after…

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Three straight weeks of Gains

Markets will open today at their highest levels in nearly two months, while turning in a third straight week of gains. (CNBC) Iron ore jumped the most ever after Chinese policy makers signaled their desire to spur economic growth. Ore jumped 19% to $63.74 a dry metric ton. (Bloomberg) We should brace themselves for higher…

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Jobs. Jobs. Jobs !!!

Jobs. Jobs. Jobs !!! The US economy added 242,000 jobs in February, 230,000 in the private sector, and the unemployment rate is 4.9%. (Department of Labor) The US service sector expanded in February. The index of non-manufacturing activity was 53.4. Levels above 50 indicates expansion and a reading below 50 indicates contraction. (Institute for Supply…

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Costco results unimpressive

Costco’s earnings were not particularly impressive. The retailer had sales for the quarter up 3% to $27.57 billion. Profits were $546 million. Same store sales up 3% in US, 7% in Canada, 3% in other international and up 1% total Company for the quarter. (24/7 Wall Street) Layoffs by US companies eased in February. Companies…

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Super Tuesday for Stocks

Yesterday turned out to be Super Tuesday for the stock market too, as investors bought equities with gusto. The Dow popped 349 points for its second best day of the year, the S&P 500 almost 2 1/2%, while the Nasdaq logged its greatest day of 2016 with a whopping 2.9% gain. Despite the additional certainty…

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