AUTHOR: TOWNE SCHERER.COM 03/11/2015: Towne Scherer Private Wealth Management BLOG: Hillary Clinton, the leading Democratic candidate for the presidency, in a press meeting held on short notice at the United Nations, commented on the controversy over of her use of a private email system for government purposes. Many are suggesting this threatens her viability as the Democratic candidate for the 2016 election. John Kerry, Secretary of State, continues to negotiate the Iran nuke deal, while the Iraqi government forces and their allies advance on ISIL in street to street battles to recapture Tikrit, Iraq. Bloomberg reported this week that banks that pass the Federal Reserve’s annual stress test are strong enough to increase their dividends. The U.S. Dollar remains the strongest it has been in a decade while the Euro falters, opening up questions about Europe’s capacity to purchase U.S. goods and services. New technology watches were introduced this week, priced between $349 and $17,000, approximately. Wow…so much for technology keeping things cheaper. Speaking of cheaper, oil fell as the U.S. storage glut expanded into its ninth straight week. According to RiverFront Investment Group, Eurozone stocks are up 15% so far this year compared to 1% for the S&P 500 on the prospect of monetary policy easing in Europe and better economic data. Dorsey Wright’sD.A.L.I. continues to carry healthcare and industrials as the two dominate sectors in the domestic equities area, while LPL’s asset allocation SAM models for mutual funds have not changed since December 22, 2014. On a strange note, rumor has it that the one of the top satellite radio companies may lose their top shock jock, Howard Stern, raising the questions about their ability to survive without him. This is the first time we can recall the fate of company being based on bathroom humor.
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