As we posted last week’s positives we felt the crowd beginning to take up residence on our Zig side, while the Zaggers were losing their footing. In the time it takes to snap your fingers, crowds once again left our side and took residence on the dark side, giving us a clear runway for this week’s positives:
So Here We Go:
Congratulations to Randi, Our Newest Full Fledged Attorney: Most of you know Donald’s wife has been completing law school for the last several years. This week brings official notice of what Randi and Donald had known for some time. It is now official, Randi is an attorney, and on her way to becoming one of the top public attorneys in the country. Well done Randi, and thanks for the lead in this week’s positives!
90 Day Treadmillers Continue to Impress: While is seems just like yesterday that earnings season began, it now is coming to an end. Lost in the shuffle of “To Greek or Not To Greek”, was an oustanding performance by publicly traded executives. This positive has gone somewhat unnoticed at this time, but continues to bring value to capital markets at the P, in the P/E multiple. As the P (Price) stays flat and the E continues to grow, values become less expensive. Well Done Fellas!
FOMC, Economy Doing Better: This point is a perfect example of why we Zig while others Zag, click here for the FOMC statement in it’s entirety, this is the first sentence from the Feds press release:
“Information received since the Federal Open Market Committee met in September indicates that economic growth strengthened somewhat in the third quarter, reflecting in part a reversal of the temporary factors that had weighed on growth earlier in the year.”
Here are a few dark side headlines from the next day, again showing why we Zig while others Zag:
Here is a fellow Zigger, showing how the exact same item can be viewed in a totally different way:
This is just another reminder why we keep on Zigging!
Economic Data Continues to be Positive: Name your economic report this week as Jobless Claims, Retail Sales, Productivity, and of course our prior mentioned Fed Policy meeting was positive. While none of the economic data is roaring, the data continues to “keep it’s feet moving” as our old football coaches used to bark, making for another positive this week in our book!
ECB Cuts Rates: A major positive splash that went unknown and unnoticed. Mario Draghi the newly minted ECB chief made his presence known with a rate cut. Recall, rate cuts are meant to spur growth and are a definite tailwind to economic prosperity. Draghi appears ready to take decisive action over the various big sister and little brother situation, which makes for our final positive of the week!
Stay tuned, and thanks for Zigging with us again this week.
Have a Great Day and a Super Weekend!