facebook twitter instagram linkedin google youtube vimeo tumblr yelp rss email podcast blog search brokercheck brokercheck

The Best of What They Said and I Read Week Ending 3/17/19

Short excerpts from articles I found interesting.  I may not agree with the author and the following material is not intended as investment advice

The Kiplinger Letter – March 15, 2019

  • “…It’s twilight time for standard time as daylight time’s permanency draws near.  Congress will likely freeze the nation’s clocks in “spring forward” mode…possibly this year.  President Trump backs the bill, written by three Fla. GOPers, and it has broad bipartisan support.  The idea is gaining traction with public and state legislatures.  Calif. And Fla. have passed laws to stay on daylight savings time but can’t yet…federal law lets states DST but not opt to use it year-round.For example, Ariz. And Hawaii have long refused to observe daylight savings time.  The bill would grandfather standard-time states but force the other 48 to switch.”

  • “Most states want to set the time once and for all but differ on the direction.  Proponents say daylight time brings economic health and safety benefits…increased worker productivity, higher exercise rates, fewer evening car crashes, less depression, fewer robberies.  Other think darker mornings endanger children by making walking to school more dangerous.The PTA is opposed, for example.”

Barron’s – March 15, 2019 – S&P 500 Gains 2.9% for the Week Because Up Is the New Down – Ben Levisohn

  •  “… The market came roaring back this past week after suffering its worst week of 2019, even though it had every excuse to keep falling. The Dow Jones Industrial Average rose 398.63 points, or 1.6%, to 25848.87, while the S&P 500 gained 79.41 points, or 2.9%, to 2822.48, and the Nasdaq Composite surged 280.39 points, or 3.8%, to 7688.53.”
  • “Good luck finding a reason why. The week began with news of the tragic crash of a Boeing 737 MAX 8 jet in Ethiopia that killed more than 150 people and ended with President Donald Trump making ambiguous comments about the state of trade talks with China, with dribs and drabs of so-so economic data along the way…When fundamentals don’t seem to be moving the market, we look to the charts—and technically, the market has a lot going for it. The S&P 500 finished the week at its highest close since Oct. 9, well above the 2803.69 that marked its March 1 high. But a bigger reason for optimism might be that bearish patterns haven’t turned into bigger selloffs, says Nomura Instinet’s Frank Cappelleri.”
  • “…We’re not without worries, of course. If the U.S. and China fail to reach a trade deal, the market will likely take a hit, while weaker-than-expected economic data and earnings could offer fundamental reasons to sell…The dominant narrative, of course, is that the U.S. is teetering on the edge of a recession that could occur next year, if we’re not already in one. But slowdowns usually come after periods of excess, notes Torsten Sløk, chief international economist at Deutsche Bank, and he sees few signs of them. “You worry when everyone is saying hooray and taking champagne bottles out,” he says. “At the moment, it feels like the champagne bottles are still in the freezer.”

U.S. Global Investors Investor Alert – March 15, 2019 – Frank Holmes

  • “…Investors who have shunned risky assets since Christmas better start embracing them, according to JPMorgan Chase strategists led by Marko Kolanovic. The firm advised clients to boost holdings in commodities while cutting exposure to safer assets such as government bonds, writes Bloomberg. “A U.S.-China trade agreement appears likely and major central banks around the world have adopted a more dovish stance, all setting the stage for an economic rebound in the second half of 2019,” the team said.”
  • “…Federal Reserve Chairman Jerome Powell says America’s workforce faces serious challenges, writes Bloomberg News' Jeanna Smialek. Education levels are climbing only slowly, and both globalization and drug addiction are taking a toll on the labor market. “When you have people who are not taking part in the economic life of a country in a meaningful way, who don’t have the skills and aptitudes to play a role or who are not doing so because they’re addicted to drugs, or in jail, then in a sense they are being left behind,” Powell told CBS News’ “60 Minutes” in an interview.”

Get Acquainted meeting

We offer a complimentary 45 minute “Get Acquainted” meeting. 

Contact Us