Truth in Wealth Building

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Drug Business Consolidation – 01/11/16

US Stocks had the worst ever start to a year last week with the major US indexes losing over 6% last week.  The selling has abated here in the US this morning with stocks higher in early trading.  Last week global stock markets lost $2.3 Trillion in value. (CNBC) The consolidation in the Drug business…

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The Rout Continues – 01/07/16

New orders for factory goods fell in November and inventories declined for a fifth straight month.  Another signal that economic growth slowed in Q4. New orders for manufactured goods slipped 0.2% after climbing in October. (CNBC) The ISM non-manufacturing index says the sector expanded in December. It was about even with the previous month. (Fox)…

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Scary World, Scary Stock Market – 01/06/16

U.S. stocks and those around the world are lower this morning, after North Korea claimed to have successfully tested a H-bomb, knocking markets already concerned about China’s economy. (Fox) Mortgage application volume fell dramatically over the past two weeks, even when adjusted for the holidays. This was likely due to a rush in home loans…

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2016’s Biggest Misleading Headline – 01/05/16

We are ready to call this the biggest misleading financial headline of 2016.  “U.S. Stocks Post Worst Annual Losses Since 2008”. We all remember in 2008 the S&P 500 was down nearly 40%.  In 2015 the S&P 500 was down 0.7% and if you add in the dividends returned a positive of a little over…

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A Global Selloff – 01/04/16

U.S. and European stocks are dropping today, after Chinese equities plunged 7%. Spurring the sell-off, factory activity in China contracted for the 10th straight month in December. The S&P 500 snapped a three-year winning streak in 2015. The Nasdaq posted its fourth straight positive year. (CNBC) More bad news for American Express. They and Bank…

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Mood Swings for Mr Market – Janauary 6th

Equity markets have been all over the map as Mr. Market is having extreme mood swings after getting a much better than expected jobs report. Break out the medication. The private sector added 212,000 seasonally adjusted jobs in December, while government shed 12,000, driving the unemployment rate to 8.5%. That is the lowest unemployment rates…

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