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The Best of What They Said and I Read week ending 3/5/2017

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 – Forecasts for Executives and Investors – March 3, 2017

  • "Bitcoin. Odds favor a green light for retail trading of bitcoins on a major exchange.  The Securities and Exchange Comm. appears ready to grant approval to a Winklevoss exchange-traded fund, making it the first to track the digital currency.  The Winklevoss ETF would trade on the Bats Exchange under the symbol COIN.”

 allrecipes.com – Dinner’s In the Mail – feb/mar 2017 by ScandoGirl

  • “Companies that deliver ready-to-cook meal kits racked up $1 billion in global sales in 2015, about 40% of it in the U.S….Who’s driving the boom?  Urban couples, dual-income families, and millennial singles bored with takeout and dining out…In the U.S. popular national services include Blue Apron (the largest), Plated, HelloFresh, and Home Chef.  Specialty additions include Marley Spoon, which features Martha Stewart recipes; PeachDish, which serves up Southern fare; and Purple Carrot, which offers vegan meals.”
  • “…Most ship carefully proportioned ingredients (down to the tablespoon of olive oil, teaspoon of cumin, and exact number of garlic cloves), along with instructions for a few meals that you can assemble, cook, and serve in 30 to 45 minutes.  Prices vary depending on type, size, and number of recipes ordered, but many services charge $9 to $15 per serving or $60 or more for kits that make enough to feed two people three different meals."

 U.S. Global Investors – Investor Alert – March 3, 2017 – by Frank Holmes

  • “…On Monday this week, the Dow Jones Industrial Average posted its 12th straight day of gains, a winning streak we haven’t seen in 30 years. And on Wednesday, it tied a previous record, set in 1987, for the fastest 1,000-point move. It took only 24 trading days for the Dow to surge from 20,000 to 21,000.”
  • “…The major market indices finished mixed this week.  The Dow Jones Industrial Average gained 0.88 percent. The S&P 500 Stock Index rose 0.67 percent, while the Nasdaq Composite climbed 0.44 percent. The Russell 2000 small capitalization index lost 0.03 percent this week…The 10-year Treasury bond yield rose 16 basis points to 2.48 percent…Snap Inc. had a monster debut. Shares of the social-media company shot up 44 percent in its market debut to close at $24.48 a share, giving Snapchat's parent company a market cap of more than $33 billion. Snap is now bigger than Macy's ($10 billion), Twitter ($11.3 billion), American Airlines ($23.6 billion), and Target ($32.9 billion)…Apple ticked up as Buffett bought more shares.”
  • “…Stocks have rallied more than 11 percent since the election…While stocks look unstoppable right now, there have been a number of warning signs — from declining volumes to a mismatch in volatility expectations and economic uncertainty — suggesting traders should tread carefully. The latest is coming from the bond market. As the stock market heats up, so too are the expectations that the Fed will hike rates.”
  • “Consumer confidence jumped to a 15-year high. The Conference Board's measure of consumer confidence increased to 114.8 for February, the highest since July 2001…Europe is growing at its fastest pace since 2011.”
  • “Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest-rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. Markets see a better than 90 percent chance of a rate hike this month, up from just 40 percent a week ago."

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