That Was The Week That Was-3rd Week February

 

 Some people get stubborn about paying for something they think should be free. Take investing. According to a few it should be like air or bank savings-free. Or, maybe you pay a little once and it’s good for a lifetime of trading.  The fact is free air, depending on where you live, may not be so good for you. A friend of a friend, a reformed three pack a day smoker, came back from a year long slog in China and said it was the worst quality of air he ever experienced, even when he was smoking. Some part of Detroit area are so polluted the ‘free’ air strips paint off cars and houses. Free air isn’t always clean air, and then not so good for you. Bank savings is never free. Banks allow you to park your cash over a variety of time tables and you never see a bill. You never see a substantial return, either. Banks borrow your money. Make money on your money and then return a small amount of cash for your trouble. You agree to all that when you open an account. Free investing is a myth. Every product has some sort of a fee or charge. It is either added to, added on or built in. The day you run into someone who’s in the investment business and tells you they work for free or cheaper than where you are start counting your fingers. The person making the offer may be after more than just your savings.

 

 

Big Day DJIA Closed Over 18,000, S&P New Record High 2097 & Nasdaq Creeping Up on 5,000. 2/13/2015 Brilliant! Just Brilliant. And so quietly done. The week before last the S&P closed at a record high. The Naz is methodically grinding to its high it hit back in 2000. Peter Cardillo, chief market economist at Rockwell Global Capital said the S&P has a little more to go, as high as 2125, before pulling back to below 2000. CNBC 2/13.  Energy was up 1.95%, and utilities were the biggest decliner.  Oil closed at $52.78. With this latest run money will be coming out of bonds as many analysts have voiced their bearish views on the sector. The money should flow to equities and we should see the markets go higher. 

Jeff Reeves at MarketWatch.com Warns: Don’t Be Dumping Stocks Right Now. MarketWatch.com 2/11. Here are a Few Reasons:

• Labor Market is strong.
• Corporate earnings are robust.
• Shorts aren’t winning.
• Cheap energy is boosting spending.
• Housing has a solid foundation.
• Banks are in good shape.
• Consumers are confident.
• Interest rates will stay low longer.
• There are few alternatives to U.S. stocks.

 

You Wanna Know Which Way The Stock Market is Headed?

‘Ask a Four Year Old,’ said Dennis Gartman on CNBC Monday. ‘A four year old would look at the chart and say I’m not sure what it is, but it’s moving from the lower left to the upper right. We try to look too deeply into things…’ explained Gartman.

WHAT’S BETA? If you’ve had your portfolio reviewed by me you know one of the first things we talk about is ‘Beta’. Beta is a calculated on how a security moves in relation to ‘the market’. A beta of 1 indicates that it moves with the market. A beta of less than one means it moves less than the market. A beta of 1.5 means the security is 50% more volatile than the market. Use beta to ensure that your portfolio is on track to meet your risk/reward goals.

 

uNDERStANDING bASiC iNvestMents  is essential in today’s world. Whether you have someone else manage your money or do it yourself knowing the difference in investment sectors and the general market is basic to avoid losing your money or having someone else lose it for you.

MARKETS UP TUESDAY. slightly.

 

 State Department Spokeswoman Marie Harf said on ‘Hardball’ (2/17) that to go after the ‘root’ that causes people to join groups (ISIS) whether it’s lack of opportunity for jobs…’ Even arch liberal Matthews had to blink hard and say that there is always going to be poor people. Yes, some in the State Department thinks a Terrorist Jobs Program may solve problems in the Middle-East. Harf is the #2 in the State Department and obviously shows she understands nothing about the Middle-East.

Basic Materials Rally

Shares of companies that grow or find basic materials are showing signs of recovery. Barrons.com ‘Getting Technical’. Feb. 17, 2015. ‘The stock market, which looks many months into the future, seems to expect demand for basic materials to perk-up, and that’s good news for the market and the economy.’

 

West Coast Labor Dispute Could Be Behind Huge Oil Inventory. Crude supplies saw a whopping 14.3 million barrel jump from the week previous. That news saw prices for crude fall to $50.48 a barrel. The ongoing west coast longshoreman and ship owners dispute has put a slowdown on work that is getting close to a total walkout by the union. NY TIMES & MarketWatch.com 2/19

Markets Closed Mixed Wednesday.

 

IBD News… Marissa Mayer, CEO of Yahoo, said that ‘mobile went from a ‘hobby’, with 50 people working on it, to a quarter of our company.’ Wal-Mart announced a pay hike for 40% of their workers. It announced it will spend $1 billion for its workers, including training. Top home spenders from abroad. From Atlanta to Oklahoma its China house hunters. You bet your chopstick that China took the lead involving dollar volume while Canada still ranks first (eh?) in terms of number of purchases. Chinese not only are buyers of residential real estate but also of commercial investment real estate. Thursday markets ended mixed but restaurant sector was up. Investors Business Daily 2/20/2015

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

SECURITIES OFFERED THROUGH WESTMINSTER FINANCIAL SECURITIES, INC. Member FINRA/SIPC.

That Was The Week That Was-2nd Week February

 THIS IS POSITIVELY THE LAST INVITE FOR 2015.

ANNUAL CLIENT BREAKFAST MEETING FEBRUARY 21ST. Now is the time to call and register or send an e-mail. For those that have never attended the annual client meeting it never involves product but does involve providing you with information, a Q&A period and a chance to get out early on a Saturday morning in the middle of winter and enjoy the brisk walk from the car to the banquet room at Sycamore Hills Golf Course, Macomb, Michigan. I’ll talk about how things went in 2014 ,what to expect in 2015, how to create a Life Boat investment plan, and Larry E. Powe, Attorney at Law, Principal/Partner Keller Thoma, P.C. will discuss estate planning, wills and Revocable Living Trusts. Everyone gets their 2015 Workbook. Register, now and all you need is to bring yourself and a pen. I’ll supply the rest. The meeting starts at 8:30 and a continental breakfast is available plus an assortment of beverages.

Be Careful Who You Listen to and Believe because there are people who sound so convincing that you may believe anything that comes out of their mouth. Brian Williams, the NBC newsman, has developed a ‘credibility’ problem telling listeners experiences that may have been nothing more than a figment of his overactive imagination.   (USA Today 2/6/2015) The same is true with a few folks who are in the ‘Investment Planning’ business and now promote themselves as experts who predicted the 2008-2009 Great Depression. The actual number of people worldwide who openly predicted a deep and lasting Depression that are verifiable you can invite to a game of Canasta. There were just not that many people globally, including economists, who could put together the string from real estate loans to stock markets crashing and driving the world into a huge Depression. There were those of us that thought the housing market would certainly go bust because it was getting silly giving away homes to people without verification of income or down payment. None of us, however, could foresee the global damage. So the next time someone says that ‘they knew’, it would be best if you did some homework and find out if indeed they did know, and more importantly went on record warning people.

 

SMART MONEY MANAGEMENT AIN’T COMPLICATED. Brent Arends wrote his last WSJ Sunday Column 2-8 and repeated his basic investment saving mantra. If you get a chance go and Google it, Simple, Bedrock Rules on Personal Finance. He boils it all down, everything you should and have to do in less than 1,000 words. Here’s a few and if you do get his article pin it someplace you can read it often anytime you get the idea to get silly with your money. Or, think that someone else has the ‘secret’ to making you rich.

• Know thyself. Don’t pursue complex financial or tax strategies if you’re not a details person.
• Plan for a long-life. A third of your life comes after age 65.
• Cut the fat in your budget. (Most people don’t have a budget!).
• Tune out advertising. If you consider it all to be a pack of cynical lies designed to steal your money, that’s about right.

WHICH WAY THE STOCK MARKET?  Last Friday’s CNBC had one article state that investors would finally see a disconnect between oil prices and equities (Alex Rosenberg reported), and in the Sunday WSJ reporter E.S. Browning wrote that the recent oil rebound would lift stocks but other obstacles lurked to create problems. E.S. Browning reported that oil and stocks so far in 2015 moved in tandem 64% of the time. However, worries about interest rates and earnings are also likely to keep market volatility high. Concerns about economic growth outside the U.S. also continues. William Hackney, senior partner at Atlanta Capital Management LLC is worried about earnings partly because of soft global growth and the strong dollar.

Monday Markets Down Oil Up.

Ronald Read was a Vermont gas station attendant and janitor who amassed an $8 million fortune. According to his attorney, Laurie Rowell, he only invested in what he knew and what paid dividends. Read died at the age of 92 and bequeathed millions to a local hospital and the library. According to CNBC.com to replicate what Read did one would have to invest $300 a month earning 8% for 65 years. The secrets of emulating Read’s success include reading every day on what is happening in the markets, being frugal with your lifestyle; and buying investments that you understand and pay a dividend.

Confused over the price & direction of crude? So are the experts. On CNBC’s Mad Money Tuesday one expert said that the worst was over and oil should slowly climb to $70 a barrel. Another expert, Tom Kloza, chief oil analyst at Oil Price Information Service, said the worst wasn’t over and you can expect to see oil hit $30. The OPEC Wins story was in Tuesday’s WSJ as an OPEC official was quoted saying, ‘There are strong indications that U.S. shale producers are taking a hit, and by the second half of this year a lot of marginal barrels will disappear from the market and demand will rise for OPEC members.’ Zacks.com offers 2/11 that there may be more bottom than recovery for oil at this time.

FINDERS KEEPERS …except in China…  A Chinese herdsman stumbled onto a 17 pound gold nugget that, he said, was sitting uncovered on the ground a few weeks back. Lucky guy you’d think? Not so fast. Seems the government wants more than a fair piece of the find. They’re saying the nugget is a mineral resource and as such is the property of the government.  MarketWatch.com 2/11/2015 The Herdsman hired an attorney! You’ve got to love Capitalism even if it’s Chinese Capitalism.

TUESDAY MARKETS DJIA +140, S&P 500 +22 & NASDAQ +62.

Stock dividends are a return from earnings. They are not interest because you own the stock or mutual fund that holds the stock. Understanding dividends is key to building long-term wealth.

 

MARKETS MIXED WEDNESDAY. 2/11/2015.

 

 

Potpourri  

CNBC reported February 12th: 1: Gold demand falls to a five-year low. 2:The EU, Greece bailout talks faltered. 3: Putin said leaders agree to a Ukraine ceasefire. 4:Tax fraud expected to soar to $21 billion by 2016, according to the IRS. The agency admitted it can do little because of outdated fraud detection systems. 5: The phone company associated named after a fruit is now worth $700 billion and some value worth more than the Russian stock market, and valued higher than Microsoft and Google combined. This was discussed on Mad Money and Cramer spoke of the comparison and was reminded of the time Babe Ruth made more money than President Herbert Hoover. When asked about the difference, Ruth replied, ‘I know, but I had a better year than he did.’ Bloomberg.com 6: Governor Scott Walker of Wisconsin was at London’s Chatham House on Wednesday when he boasted, ‘If my state was a country it would rank fourth in the world for cheese production, just behind the USA, France and Germany, and just above Italy.’  The Gov. was there with fellow govs Bobby Jindal and Chris Christie to show off his foreign affairs skills and ended up talking foodie.

Thursday markets up across the board with DJIA +110. More M&A as the travel business consolidates. American Express and Costco are ending their long-term exclusive relationship. That news was more than a bump in the road Thursday as AmEx said that they and the discounter couldn’t come to an agreement that was beneficial. (WSJ 2-13). Robert Shiller’s old new edition of his book, ‘Irrational Exuberance’ updated, warns investors that bond prices might be irrationally high. (CNBC 2-13). Germany’s GDP grew more than expected (CNBC 2-12) in the fourth quarter bolstering EU economy is back on track.

WHO DO YOU KNOW WHO COMPLAINS ABOUT LOSING MONEY? It just may be that they need to talk to me about their investments. Tell them to call or email me or just pop their name and number to my attention and I’ll call and talk to them. You can’t tell but you may be doing them a huge favor.

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

SECURITIES OFFERED THROUGH WESTMINSTER FINANCIAL SECURITIES, INC.  MEMBER FINRA/SIPC.

That Was The Week That Was-1st Week February

 

2015 CLIENT BREAKFAST MEETING. RESERVE SEATS NOW.

 What’s More Fun & Informative Than Jeopardy, Family Feud & The Price is Right? It’s my annual Client Breakfast Meeting! If you want to know where the experts predict the winning sectors to be invested in for 2015, where you shouldn’t be invested and how to create your personal investment portfolio lifeboat if and when markets crash, you have to attend my client breakfast meeting February 21st, 8:30 AM- 10 AM at the Sycamore Hills Golf Club in Macomb. Call or email me with the number attending so I can have seats available. A continental breakfast along with coffee,tea and juices will be served.

 

 

James Bullard, President of the St. Louis Federal Reserve Bank, said in a Bloomberg interview 2-1-2015, Investors are not taking the Federal Reserve seriously. A more than significant amount of money has been invested in 2015 in the 30-year Treasury as the market volatility from December has spilled over into 2015. The Federal Reserve has indicated that it will raise interest rate in 2015. The only question is when. Investors holding bonds will suffer when rate do move up. The question is not of if but of when in 2015.

 

JANUARY’S POOR PERFORMANCE REMINISCENT OF JANUARY, 2014. Close your eyes and ignore a year has passed and you’d think that we were in 2014 rather than 2015. While the mythmakers say that as goes January performance so goes the year we know that isn’t true as 2014 proved.

DEEP FREEZE AND WINTER STORMS ALSO CUT INTO BUSINESS AND THE MARKETS IN 2014.

STUFF I FOUND and DIDN’T KNOW WHILE LOOKING UP OTHER STUFF. Medicine,to treat infection from bacteria called C. difficile, that can be administered through endoscopy or capsules, is made from human poop that the company, OpenBiome, is willing to pay as much as $250 a week from human donations. CNBC on 1/31 reported that donors could earn as much as $13,000 a year selling their waste. The criteria is rather vigorous and only 4% of interested donors have passed the screening process. 

 How much of the four and a half hours of football is football?

WSJ Reported Small Cap Stocks Gained in 2015 as Large Caps Faltered. 2/1/2015.

As the stronger dollar hit large cap multi-nationals by diminishing the value of revenue earned overseas the Russell 2000, small cap index, has proven to be more buoyant. The Russell YTD is down 3.3% as compared with a 3.7% decline in the DJIA. In 2014 the Russell was up 3.5% as the Dow climbed 11%. To be fair small company stocks are extraordinarily volatile. Expect big swings with these but usually small caps lead any market recovery.

NFC Team Wins Signals Positive for The Market! February started on the right foot with the Dow up 4 points short of 200 point gain. News (rumors) of Greece settling their differences with the EU brought cheer to our markets. CNBC 2/2/2015. Oil was up but Dan Dicker on CNBC said that oil prices have not bottomed. Gas savings will be felt in the economy by this July, reported Goldman Sachs. Jack Ablin, CIO, at BMO Private Bank, talked about earnings and reported that consumer-oriented companies are likely to see better earning results. Analysts are particularly interested in this group and the small cap stocks. CNBC 2-2-2015. Albin went on to say that he was concerned about over-valuation and the best thing we could see is higher revenue.

2 Days in a Row! Dow up +300. Oil down $1.33. A down day for oil brought the Bulls out and just about everything went up as buyers scooped up stocks that only a few days earlier they were selling. In the news Wednesday was the report on negative yield bonds and who was buying them. Yes, bonds that you bought and paid the issuer for the privilege of parking your money, a report on CNBC 2/3/2015. It could be you if you own a bond fund or bond ETF. There are $1.7 trillion of euro-area government bonds with maturities longer than a year with negative nominal yields.There are $1.8 trillion Japanese bonds doing the same. All in all, reported JP Morgan, there are six type of investors that are going for the trade. Here are a few reasons:

• Some investors are betting that certain currencies will appreciate.
• Betting that bond prices will rise further making their principal higher.
• Central banks are big buyers because of their Quantitative Easing.
• Index funds that buy government bonds just don’t have a choice.

ANY CONCERNS OVER BEING AUDITED BY THE I.R.S. IN 2015 HAVE BEEN GREATLY REDUCED. Bloomberg News reported 1-26-2015 that consistent budget cuts over the past five years have had a devastating ‘erosion of service.’ Since 2010 the number of IRS personnel enforcing tax law has fallen by 15% according to the Center on Budget and Policy Priorities. Taxpayers may also expect longer waits on the phone and delayed refunds this filing season. While some taxpayers may look at these cuts as an opportunity to get aggressive, and or imaginative, you have to remember that the IRS can go back three years in an audit.

 

Dennis Gartman Issued Warning to Investors to Be Careful, in an interview with ‘Closing Bell’ Wednesday the 4th of February. He went on to say the volatility the past week and a half was unlike anything he’d seen in his 40 some years in the business. Knowing that volatility is part of 2015, and all of us have been warned in 2014 to expect it. I checked the volatility index or VIX and over the past five days it was down 1.43% and over the past 90 days UP almost 13%. What investors should know is that the past 12 months it’s down 34%. Certainly the VIX was a lot more volatile in 2008-2009 and I wonder where old Gartman got his information and experience from?

Markets flat to negative on Wednesday on renewed EU tough talk. Germany and Greece square off as the anti-austerity party of Greece is at odds with the EU. Germany wants the Greeks to stick with the plan and Greek officials want to restructure their agreed upon debt and get a discount to boot. It’s a question who blinks first and the odds favor the Germans who brook no breaking of past agreements. CNBC 2/5/2015.

The Dow Popped +200 points Thursday to 17,885 and the Naz was up 1% to 4,765. The S&P 500 Index closed up 1% to 2,063. All three indices are positive for the year. IBD reported February 6th that exports declined less than November and imports rose. The trade gap hit a 2 year high. Retailers in general, reported IBD, posted decent sales gains in January fueled by a brighter economy, lower gas prices and better jobs picture. Consumers are more optimistic than at any time since the Great Recession.  Ken Perkins, president of Retail Metrics told IBD Thursday. Consumers are spending on products like cars. They are also spending on home furnishings, smartphones and other electronic products.

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

SECURITIES OFFERED THROUGH WESTMINSTER FINANCIAL SECURITIES, INC. MEMBER FINRA/SIPC.

That Was The Week That Was- 4th Week January

 

IF YOU HAVE SAVINGS YOU WANT TO PASS ON TO YOUR CHILDREN, FRIENDS,  RELATIVES, A CHARITY OR CHURCH AND YOU DON’T KNOW VERY BEST WAY TO DO THIS YOU SHOULD REGISTER FOR MY CLIENT BREAKFAST MEETING FEBRUARY 21ST AT SYCAMORE HILLS G.C., MACOMB, MICHIGAN. Larry E. Powe, Attorney at Law, Principal/Partner Keller Thoma, P.C., is the guest expert who will explain: What is an estate plan, who needs an estate plan, what is probate, who should be concerned and why, should you create a will or a revocable living trust, what is the difference, can you change them, who should be your Trustees, and the most common mistakes people make after creating  a Revocable Living Trust. Plus- I will review last year’s economic results, what went right what went wrong and what we can look forward to this year. Call me or send me an email telling me how many will be attending. 586 295 0430

JANUARY RESULTS WILL NOT BE PRETTY.

 

 10 pre-retirement steps.

• Prepare a budget-potential retirement expenses.
• Meet with your investment planner/advisor.
• Establish an emergency fund- 6 – 12 months income.
• Plan your health insurance.
• Choose where you want to live.
• Review your estate plan with your attorney.
• Review your life insurance along with auto and home.
• You and your accountant establish your tax plan.
• Review your company benefits.
• Meet, call or go online to decide on your social security strategy.  from USA TODAY, Tom Orecchio Advice IQ, 9-20-2014.

  A strong dollar has some good things and some bad things. The bad thing is that exports don’t sell well when the dollar is strong. The good thing is that we get to buy more stuff for the same price. It’s cheaper to travel in other countries. We can buy things that used to cost us more. But, if exports fall this could have consequences on our economy. A very strong dollar could throw our economy into a recession.Fed officials say that they are not worried about the effects of a stronger dollar on the broader overall economic growth- for now. The reason is that our exports only account for 13% of the U.S economic output. Analysts also see a benefit for the recent QE program instituted by the ECB (European Central Bank) that helps the U.S. by lowering global borrowing costs and also enticing overseas investors to U.S. Treasuries.WSJ 1/25/2015 Two major tech names reported they lost 4% off revenue growth due to the stronger dollar. 1/28/2015 WSJ/Barrons.com

‘We’re mad as….and not going to take it anymore…’, and so the Greek populace voted an anti-austerity party into power over last weekend as a sign that they’ve had enough of the five years of bitter medicine they’ve been prescribed by their EU neighbors. The Syriza party is considered a radical leftist organization that may indeed tell the EU to shove it when it comes to Greece repaying their bills, such as bond payments, and exit the euro as a currency. Worries are not so much about Greece leaving the union but other countries under identical circumstances also deciding that enough is enough. The dangers are more to the Europeans than to the entire global economies. However, experts are unsure how this will all play out if indeed it happens. WSJ, MARKETWATCH.COM, CNBC 1-26-2015. Greeks and others blame Germany for their plight and have staged demonstrations.

MONDAY MARKETS SLIGHTLY UP ACROSS ALL INDICES. FBI made one arrest and charged two other Russian diplomats for spying for Russia. Mission was to learn how to use high-speed trading to destabilize our stock markets. MarketWatch.com 1/27/2015 MarketWatch.com printed a few lines of the taped phone conversations by the FBI and it read like someone trying to teach a monkey how to mix a Margarita. In Flash Boys, author Michael Lewis said a significant number of people who designed the high frequency trading systems were Russian. Could it be that the Russian spy system is as messed up as ours?

THE WALL STREET JOURNAL REPORTED, BY ADAM ENTOUS, how the CIA thoroughly messed up the mission to arm Syrian rebels by red tape and issuing supplies with strings attached. According to the WSJ 1/27/2015, entire CIA-backed rebel units who went through CIA training programs have either changed sides by joining Islamist brigades, quit the fight or gone missing. According to Entous the President initially balked at the idea of Syrian training program but finally gave the go-ahead in 2013. The CIA limited the number of weapons, demanded the return of used weapon's and handed out bullets as low as 16 per fighter per month. When a trusted Hazzm leader was asked why they had joined the U.S. program the response was, ‘ We thought going with the Americans was going with the big guns. It was a losing bet.’

 

  Tuesday’s market was as ugly as a car wreck. The trading machines drove all the indices lower. The DJIA off triple digits, almost losing 300 points. Art Cashin, UBS director of floor operations at the NYSE, told CNBC Tuesday 1/27 that the reason stocks were falling was because of an ugly ‘buffet’ of news from Greece getting pounded to weaker U.S. economic data to the strong dollar wreaking havoc on corporate earnings. Up to now the strong dollar has been seen only as a minor nuisance. Later Jim Cramer put it in perspective when he said on Mad Money that not all companies have multi-national operations. And, some companies had blow-out positive numbers even with the strong dollar. Cramer said, ‘Stick with the winners and not the whiners.’

SHOULD YOU LISTEN TO THOSE THAT SAY, DON’T BUY UTILITIES! For the last two years I’ve heard and read the so-called experts saying for investors to stay away from utilities. And for the last year and a month they’ve been wrong as utilities have bloomed. The argument is that in a rising interest rate environment utilities do poorly. So far, we’re not in a rising interest rate environment and some predict that we may not be in such a cycle until sometime in 2016.

 

Wednesday Stocks Tanked- Again on Energy Prices. The Federal Reserve is fighting reality, according to WSJ’s Heard on the Street. The Federal Reserve issued a statement that said they expected inflation over the medium term to move toward 2%. Credit markets think otherwise. Treasuries have fallen wholesale this past month.  The 30-year has fallen to 2.29% and the 10-year sits at 1.72%. Markets believe, and are signaling, that rates may be hiked in September, at the earliest. Inflation readings, the WSJ reported, are likely to get a lot cooler as the low cost of energy filters through goods and services sectors. We may see an inflation reading of 1%.  WSJ 1/29/2015

Dow off 195 points Wednesday. The VIX jumped 19%. We’ve been here before.

The Best is Ben Levisohn Writing for the Barrons.com ‘Stock Watch’.   If you’re wondering what the catalyst for Thursday’s market pop of 225 points on the DJIA Ben’s answer is the best- For no good reason! Just about everyone has a particular ‘reason du jour’ but Ben explains it where it’s just futile to have a reason. He also quotes Stefel’s Barry Bannister and Jesse Cantor who recommended that investors watch the dollar. They report that upon a dollar pullback they’d expect trend winners in healthcare, consumer discretionary, technology and consumer staples. If and when the 10-year yield increases they expect utilities and REITs lose support. BARRONS.COM 1/30/2015

 

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

SECURITIES OFFERED THROUGH WESTMINSTER FINANCIAL SECURITIES, INC. MEMBER FINRA/SIPC.