While a few companies in the US technology space have been in the hot seat lately, Jonathan Curtis, vice president and research analyst with Franklin Equity Group, is largely unfazed. He said temporary “blips” affecting certain stocks are par for the course as consumers get used to new technologies—and how they impact our lives.
Last night the China Shanghai CSI 300 index fell a bit more than 1.6%, taking out February lows and setting a new YTD low for the index. This is important since the global equity markets have a very high correlation to Chinese stocks.
It is becoming difficult to see how the Model 3 will be the car that leads Tesla to profitability.
Most global equity markets declined in the first quarter despite the corporate sector generally reporting reasonable fundamental data. As a result, GMO's 7-year equity forecasts mostly improved over the first quarter. Even with these improvements, International and U.S. equities are still forecast to have flat to negative real returns over the next 7 years, with Emerging equities remaining an exception, forecast to have a positive real return of 1.9%.
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential building permits. The latest reading of 1.354M was an increase from a revised 1.321M in February and above the Investing.com forecast of 1.330M. Figures were revised going back to January 2012.
The U.S. Census Bureau and the Department of Housing and Urban Development have now published their findings for March new residential housing starts. The latest reading of 1.319M was above the Investing.com forecast of 1.270M and an increase from the previous month's revised 1.295M. Seasonally adjusted figures were revised going back to January 2012.
Advisor Perspectives, a leading publisher serving financial advisors and the financial advisory community, has announced its Venerated Voices™ awards for commentaries published in Q1 2018. Rankings were issued in three categories: The Top 25 Venerated Voices™ by Firm, The Top 25 Venerated Voices™ by Author and The Top 10 Venerated Voices™ by Commentary.
Four of eight indexes on our world watch list have posted gains through Monday, April 16, 2018. The top performer this year is India's BSE SENSEX with a gain of 1.46%. In second is Hong Kong's Hang Seng with a gain of 1.33%. In third is our own S&P 500 with a fractional gain of 0.16%. Coming in last is London's FTSE 100 with a loss of 6.37%.
It's time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up a nickel each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.55 and San Francisco, CA is the most expensive city, averaging $3.68. Oklahoma has the cheapest at $2.40. The WTIC end of day spot price closed at 66.22, a 4.4% increase from this time last week.
Our CEO is Robert Huebscher, but we know and love him as “Bob.” We would like you to get to know him, so this section is dedicated to updates and facts about Bob! Did you know that Bob is a proud grandfather? Today, we'd like you to meet Bob's granddaughter Evelyn, who knows him as "Bobbo".