AUTHOR: TOWNE SCHERER.COM
01/06/2015: Towne Scherer Private Wealth Management BLOG: With the Republicans taking control of the Senate and therefor the Congress, everyone is now waiting to see how they will approach the budget, International relations, amnesty and the economy. Early indications are that the Fed will tighten at the end of January, challenging the markets to rise like they did with the withdrawal of the QE’s in 2014. Most likely, earnings will continue being the bell weather for ongoing strength in the markets. Therefore, keep a close watch on the Federal Open Markets Committee (FOMC) minutes on Wednesday, January 7, 2015, along with Jobless Claims on the 8th and the Employment Situation on the 9th. Recently, LPL bullishly changed their Strategic Allocation Model/Growth with Income portfolio, reducing cash by 2% and increasing Large Cap by 2%. Further, Dorsey Wright’s DALI Level One continues to indicate a trend in Equities and Cash, with Technology being the only biased individual sector. Interestingly,Riverfront Investment Groupreported in their Weekly Viewthat the Euro QE + Cheap Oil = Stronger global growth, believing that there will be a “stronger dollar and better stock market returns in Europe and Japan. Lots of new-young people in the congress…will we see the winds of change or the same old big party gas…Happy New Year.
Remember:
“Follow the Investment Trends”
With
Wave and Wind
Only available through
Towne Scherer Private Wealth Management