AUTHOR: TOWNE SCHERER.COM 6/30/2017: TowneScherer Private Wealth Management BLOG:
Happy Valentine’s Day 2018
One River Asset Management CIO, Eric Peters, says the next market crash will occur on Valentine’s Day, 2018 and that it will be an ‘avalanche,’ according to a Tyler Durden 6/26/2017 article. He believes Fed tightening is the main culprit behind this prediction, although hedge fund managers, which Peters is, like crashes. So this might be a bit of wishful thinking and you might want to take this with a grain of salt.
Obamacare Repeal Vote Delayed
‘The vote is a couple weeks away,’ said Senate Majority Leader Mitch McConnell, delaying the current efforts to vote on the Obamacare overhaul plan before the summer break, reports a 6/27/2017 Fox News article. After a CBO analysis indicated 23 million more Americans would be uninsured under the new bill, the 50 votes to pass in the Senate could not be achieved. On this news the markets were up significantly. Pundits have suggested that the mere fact that talks are going on about Healthcare is the reason for the market surge. Go figure.
Remember
“Follow the Investment Trends”
With
Wave and Wind
Only available through
Towne Scherer Private Wealth Management
The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
The economic forecasts set forth in this material may not develop as predicted.