Category: Blog
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Stock market swings, inflation worries, and home prices up
Stock market swings, inflation worries, home prices up, one MLP cuts distribution 35%!, and more
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Median existing home price rose 23.4% in June
Limited inventory is still having a big effect. In the subdivision I live the houses don’t stay on the market more than a week or two before they’re sold. It’s a little crazy. Existing-home sales rose 1.4% in June from the prior month to a seasonally adjusted annual rate of 5.86 million, the National Association…
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Inflation continues to weigh on companies and consumers
I’m starting to lean towards the notion that this will not be a transitory inflationary period. If a federal $15 minimum wage comes to pass combined with further climate change regulations there is nowhere for costs to go except up. “In an environment where inflation continues to rise quarter after quarter after quarter, there are…
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Johnson & Johnson post higher profit
The New Brunswick, N.J.-based company logged sales of $23.31 billion—a 27% increase year over year—and adjusted earnings of $2.48 a share. Wall Street analysts had forecast adjusted earnings of $2.29 a share and revenue of $22.49 billion, according to FactSet’s survey. Wall Street Journal
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IBM sees biggest revenue gain in three years
The top-line increase of 3.4%, IBM’s biggest gain in three years, comes as the company is undergoing extensive changes, including the planned spinoff of some of its legacy IT activities that remain a multibillion-dollar business. Revenue in the second quarter rose to $18.75 billion driven by its cloud, software and services businesses. The company reported…
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Today’s market dip was not a correction
The drop in the markets today was but a small blip. A correction would have looked more like a 10% drop. Keep your cool. Don’t panic. Your investment goal should encompass more than a single day move in the markets. If you look to the long term you can weather the storms.