Truth in Wealth Building

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Time for a Rally? – 01/12/16

European stocks and U.S. futures are sporting solid gains after the Shanghai Composite managed to squeeze out a 2/10% advance in a volatile session overnight. The Q4 earnings season is underway after Alcoa last night reported mixed results. Still to come this week are Intel, JPMorgan, Wells Fargo, and Citigroup, among others. (SA) The China…

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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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