AUTHOR: TOWNE SCHERER
11/19/2014: Towne Scherer Private Wealth Management BLOG: It is now in the news that President Obama will push forward with Amnesty on Friday, November, 21st or as Rush Limbaugh refers to it: The Democratic Party Voter Drive. The keystone Pipeline has been voted down this week before the new Senators take office in 2015. The Dow is sitting at 17685.51 with no change in Dorsey Wright which is still at Dali Level One at 50/50 Domestic Equity and Cash with no emphasized market sector. Nevertheless, Riverfront Financial is projecting single digit returns in 2015 for the S & P 500. As of the current market on 11/19/2014, the oil index is trending up while the CBOE Gold Index is drifting down. The UST 10 year is at 2.35 and the US dollars vs. the Euro is at 1.2552. At the end of the week we’re looking for Jobless Claims, the Consumer Price Index and Existing Home Sales to affect the market. Christmas sales and advertising are everywhere already. Lots of competition out there! Strange times with the market in a trading range while a terrorist attack takes place at a Synigod in Israel. Americans were killed.
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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. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.