AUTHOR: TOWNE SCHERER.COM 04/29/2015: Towne Scherer Private Wealth Management BLOG: According to the New York Times (NYT), ‘Clinton Cash,’ a book written by Peter Schweizer, has raised a pleather of questions concerning the Clintons’ receiving millions of dollars in foreign donations in the Clinton Foundation while Hillary Clinton was Secretary of State. The article attributes Schweizer with writing that, “We will see a pattern of financial transactions involving the Clintons that occurred contemporaneous with favorable U.S. policy decisions benefiting those providing the funds.” The book is due out on May 5th. In Baltimore, riots broke out after the funeral of Freddie Gray, a black man who died after he was injured in police custody. MSN has reported that seven Baltimore police officers were injured, with “mobs of rioters jumping on top of a police car, destroying a taxi (and) setting two other patrol cars on fire.” Nepal has experienced a massive earthquake, measuring 7.8. (on the rector scale). Bloomberg has reported that 3,733 people were killed, including climbers on Mount Everest hit by (a resulting) avalanche. The chief of Asia economist at IHS told Bloomberg TV that the rebuilding costs could easily exceed $5 billion. In the U.S. markets, the week began with U.S. stocks and biotechs falling, with earnings being in focus. The end of the week shows the GDP, the FOMC Announcement, Jobless Claims, Personal Income and Outlays and the ISM MFG Index being in the limelight. In the face of many factors, RiverFront Investment Group has reported “that high yield risk premiums have the ability to contract further as the economy strengthens and can absorb a moderate, gradual increase in interest rates in 2015, but that further capital appreciation may be hard to come by.” Recently, Dorsey Wright adjusted their biased sectors under International Equities to Asia Pacific Emerging and Europe Developed, following other analysts who have made positive comments about the international markets. As Shakespeare wrote, “(what should we do amidst) the slings and arrows of outrageous fortune?“ “Must give us pause.”
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