AUTHOR: TOWNE SCHERER
12/8/2014: Towne Scherer Private Wealth Management BLOG: With the loss of the Senate and the transfer of the control of both houses on January 2, 2015, racism, profiling, police brutality and military torture have suddenly become the subjects of the President. Nevertheless, our jobs report came out significantly higher than expected while the Dow continued to tread just below the 18000 level. Again, Dorsey Wright still has Dali Level One at 50/50 Domestic Equity and Cash with no emphasized market sector. Oil, though, continued to drift down as the Russian economy continued to experience pain. Further, Riverfront Investment Group reported in their Weekly View that we have strong economic data and a dollar strong… all arguments for increasing interest rates in 2015. At the end of the week we’re looking for Jobless Claims and Retail Sales with the Producer Price Index popping up on Friday. Unfortunately, as the Ukraine, Hamas and Israel and ISIS seem to be drifting off of the screens of the major media, we sadly experienced the death of several hostages during a failed rescue attempt in Yemen, ordered by the President. What a world. What a world. Merry Christmas.
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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.