No Non Sense News
First as I enter my 33rd year in practice, I wanted to thank every one of our clients from the bottom of my heart for your continued support and confidence. We feel a great deal of gratitude for the relationships we have built with you over the past many years. In particular we are so very pleased to provide you superior results particularly our most recent year to date numbers thus far. If there is anything we can do for you, please don’t hesitate to call.
Last week saw the major averages essentially churn sideways as corporate forward guidance was mixed at best. Over the next two weeks, there will be a treasure trove of earnings announcements. If we are to move higher in the major averages, there can be only minimal disappointments. So far this morning, it appears that the defense contractors are exceeding expectations.
At the top of the news headlines is the likelihood of a Fed rate cut at the July meeting. Suddenly the probability of a cut has risen to 75.5% according to @bespokeinvest.
Simultaneously, the POTUS continues to apply the bully pulpit to the Fed.
In addition, the glorious consumer isn’t missing a beat. Remember, the consumer represents about 2/3’s of the US economy.
Get ready for a big earnings week!!
And the race to Growth continues as Portfolio Managers continue to give up on Value.
Lastly, I wanted to include some photos from my recent trip to the Greek Islands of Crete, Mykonos and Santorini. Certainly places of spectacular beauty.