You Are Here: Home » CP Reports Blog, Newsletter - Main » MARKET ALERT – Wall Street Rumblings – Issue #438, July 3, 2017 by Ray Dirks

Market-Alert Rumblings Up, Down, and Around Wall Street “ Issue # 438 dated July 3, 2017 with Ray Dirks of Raydirks.com and his team of securities analysts and money managers.

Twas another exciting week on Wall Street, both economically and politically, as President Donald Trump, attacked by means of his nefarious tweets, various members of the press, including very well-known TV anchors on leading business shows in the United States. The President also tweeted about his tremendous accomplishments from being in office less than six months, even though most of the legislation that he and his Republican party promised have yet to get through the House and the Senate in such a fashion that it is possible to determine what is likely to become law sometime this year, if ever, under Trump’s leadership.

Perhaps more important, President Donald Trump accepted an invitation to meet very soon (next week) with Vladimir Putin of Russia without what both Republican and Democratic Senators and Representatives in Washington believe is sufficient preparation.

A brief example of what the press is writing about last week’s sell-off in the stock market appears tomorrow in The Trader column in Barron’s, The Dow-Jones Business and Financial Weekly, where the headline reads: The Stock Markets Game-Changing Week.

The column says: You wouldn’t know it just by looking at the major indexes. The Dow Jones Industrial Average declined 0.2% to 20,350 last week, while the S&P 500 fell 0.6% to 2,423. Only the Nasdaq Composite, which dropped 2% to 6,140, reflected the weeks volatility.

But make no mistake. Last week was a game-changer. Federal Reserve Chair Jane Yellen fretted about the high level of market prices, the Bank of England’s Mark Carney hinted at a rate hike, and Mario Draghi suggested the European Central Bank could be nearing the end of its bond buying. Together, it shows that the world is ever so slowly moving away from the easy money that helped propel this eight-year bull market. Peak quantitative easing is behind us, says Marc Chandler, global head of currency strategy at Brown Brothers Harriman.

Rumblings continues to suggest that readers/investors consult with their investment advisers, do their due diligence, and consider selling some or all of their fixed-income securities, both taxable and non-taxable, both government and corporate.

We suggest that readers/investors re-invest the proceeds from sales of their bond holdings in a diversified list of common stocks, including Rumblings list of Favorite Stocks for 2017, which includes Apple. Inc. (APPL), Aflac (AFL), Hartford Insurance Services (HIG), and Hertz International (HTZ), among others.

Rumblings also suggests to our readers/investors that they place no more than 1% of their funds in the shares of any one company. It pays to diversify!

Corporate Profile Disclosure:

The information contained in this article could contain forward-looking statements relating to the developments of the featured company’s products, services and future operating results or the future of the market. Statements contained in writing or in interviews are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words believe, expect, intend, anticipate, variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect performance include, but are not limited to, those factors that are discussed in each Company’s most recent reports and/or registration statements filed with the Securities and Exchange Commission. Visitors to this Internet Site are cautioned not to place undue reliance on these forward-looking statements. These statements have not been independently verified by the officers, directors or employees of Corporate Profile, LLC .com.

The information on this Internet Site has been submitted by journalists and analysts or provided by the companies contained herein or other sources believed to be reliable. Corporate Profile, LLC has not independently verified the information provided to it by third parties. Each individual should perform his or her own independent analysis before investing. The information contained herein is neither an offer nor a solicitation to buy any of the securities of the companies contained herein. Investing in securities is speculative and contains a high element of risk

Leave a Reply

*
= 5 + 0

© 2017 CP Reports · Disclaimer · Subscribe:PostsComments · Designed by Theme Junkie · Powered by WordPress