ow we’ve
chosen to construct our single-fund solutions. Complexity is not necessarily
sophisticated, it’s just complex. And, if trying to give investors the best
chance for investment success is ‘simplistic,’ then we’ll gladly plead ‘guilty
as charged.’
News on Stocks in Our Portfolios
·
Fastenal misses by $0.01, misses on revenues
Fastenal misses by $0.01, misses on revenues
o
Revenue of $858.4M (+7% Y/Y) misses
by $5.6M.
Economics
This Week’s Data
The
International Council of Shopping Centers reported weekly sales of major
retailers fell 0.1% versus the prior week but rose 1.8% versus the comparable
period last year; Redbook Research reported month to date retail chain store
sales declined 0.5% but increased 3.3% on a year over year basis.
Weekly
mortgage applications rose 1.3% but purchase applications fell 1.0%.
Other
The
Macro Markets Index is weakening (short):
Latest
Gallup poll shows decline in
confidence:
IMF growth estimates
(short):
Is the US
the next Japan
(short):
Politics
Domestic
Brinksmanship
and the decline of American exceptionalism (medium and today’s must read):
The potential
silver lining to Obamacare (short):
Neil Cavuto on
Obamacare (medium):
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