That Was The Week That Was – 1st Week January

 

 

Markets Opened the New Year with a Thud! Before  I could begin to savor the Michigan State win in the Rose Bowl the stock market took a healthy step back Thursday even as analysts were predicting in Barrons.com a 10.6% jump in corporate profits for 2014. The Weekday Trader, 1-3-2014, wrote they thought that increase in profits was a bit optimistic but also added their ‘promising’ sectors’ to the 2014 list. (I’ll share those with you at our breakfast meeting.) In the biz it’s called a ‘tease’. The DJIA was off 136 and the Naz 34. Friday saw the markets claw back a bit but nothing worth mentioning.

 

 

  2013 Winners Were All About Boring. Results through 12/30/2013. 2014 presents its own challenges. First and foremost can the rally continue? Technically what do investors need to see in order to have supreme confidence in a continuation? Register for my client breakfast meeting and I’ll give you that plus more. Surprisingly good numbers from overseas but still lagged the U.S. by a wide margin. Emerging markets never did recover in 2013 but many still have them on their ‘fav’ list for 2014. Lack of inflation hurt commodities and gold was wrecked as investors sought better returns holding stocks.

Masterful, magnificent Aden sisters – Mary Anne and Pamela – predict ‘That there are all sorts of reasons to remain bullish’. I’ve been a big fan of these ladies who are very good at what they do.  They give several reasons why this market is for real:

1. Stimulus and low rates to stay.
2. Main Street is buying.
3. Technical's are bullish, too.

New Year’s Day skimmed through Bloomberg, Barrons, WSJ, MarketWatch and assorted bloggers and pundit scribbling and saw no new news to give me concern on the direction of the market for 2014.

REGISTER FOR CLIENT BREAKFAST FEBRUARY 8TH STARTING 8:30 AM –10 AM. Casual dress- of course, lots of goodies, coffee, tea and information to guide you in 2014. Call me at 586 295 0430. Or email me to get your seat and friend reserved. Sycamore Golf Course in Macomb on North Avenue.

Bring someone special: Information on estate and final taxes on inherited accounts. plus where the markets are headed in 2014 and why.

Questions call Paul @ 586 295 0430 or write him at pstanley@westminsterfinancial.com. Share this blog with someone who cares about their money.

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