AUTHOR: TOWNE SCHERER.COM 1/21/2016: Towne Scherer Private Wealth Management BLOG:
Market Movement
Riverfront (1/20/2016) sees “three scenarios for the market!!!” 1) A downward thrust to 1840-1860 in the S&P. 2) Earnings season and a series of central bank meetings create the potential for good fundamentals that lead to a V-shaped recovery. And, 3) Sloppy sideways trading.
What about the kids?
Driving isn’t cool any more, according to a Yahoo Finance article (1/19/2016), touting a University of Michigan's Transportation Research Institute study which shows a drop in 18-year-old drivers form 65.4% to 60.1% between 2008 and today. The report goes on to say that fewer car buyers in the future are a problem that large car makers see as forthcoming.
Scooby Mobile update!
The New York Post (1/20/2016) reports that some of the emails found on Hillary Clinton’s home server were beyond top secret and contained the highest level of classified information, according to the inspector general for the nation’s intelligence community.
Labor Participation Rate
According to an Investors.com report, 1/19/2016, the labor participation (rate) indicates that some 94.1 million Americans over the age of 16 either don’t work or aren’t looking for work. The report goes on to say that the unemployment rate of around 5% being pushed today is, therefore, unbelievable. When you look out your window of your car, what do you see?
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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
A V-shaped recovery represents the shape of the chart of certain economic measures, such as employment, GDP and industrial output. A V-shaped recovery involves a sharp decline in these metrics followed by a sharp rise back to its previous peak.