We have spent the first few months of this newsletter focusing on market centric pieces but as things have stabilized and the elections heat up timely pieces become harder to come by. This is where the age old adage “No news is good news” rings true.
As per the US economic score card for March:
- Jobs are up.
- Layoffs are down
- Wages are growing slightly
- Manufacturing is trending up
- The service sector is growing
- Inflation is inching up despite the pressures of NIRP (See our 3/18/16 newsletter)
During March we also saw the S&P go up almost 5% to bring us to just under 3% for the year.
So as they say, no news is good news.
All the best,
Wesley R. Nicholson, Mike Allen and Aaron Everdyke
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