AUTHOR: TOWNE SCHERER.COM01/13/2015: Towne Scherer Private Wealth Management BLOG: Terrorists, once again, are in the news, attacking Charlie Hebdo, a comic magazine in Paris, France, that dared to make fun of the prophet Muhammad. 12 people associated with the magazine were killed, including an economist and a police officer, with 11 injured. The markets seemed to shrug this off with a two-day rally. However, later in the week markets fell back as energy shares tumbled and American wages dropped. These activities were joined with a growing concern that Europe’s stimulus plan might not be sufficient. Nevertheless, there is plenty of economic news coming up with Retail Sales on January 14th, Jobless Claims and the Producer Price Index on January 15th and the Consumer Price Index and Industrial Production on January 16th. LPL’s Strategic Allocation Models and Dorsey Wright’s DALI Level One remain unchanged at the beginning of the week. Interest rates and Oil seem to be the biggest economic news to follow in these early days of 2015, with oil continuing to slip-slide away below the $50 a barrel price.
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