USA Stock Consideration Change Report
MCHP, PNW, TUP all join Sell Watch list.
Update USA Asset Allocation
Asset allocation for 2nd Quarter from Global to Individual Sector Neutralized allocations.
Update USA Housing
Housing improved overall in March. Purchases of new, single-family homes increased by 5.8% to an annual rate of 621,000 units. Compared to last year at this time, purchase are 15.6%.
The median sale price for a new home rose 1.2% in March to $315,000.
Update USA Consumer Confidence
Consumer confidence dropped 4.6 percentage points to 120.3 from 124.9 in April. This remains a good number considering the previous month, March, was a sixteen-year high. Confidence is much higher than it was last year.
USA Snap Shot
Markets should move in predictable and steady patterns where rising markets increase just a little bit each day. Then over a month or year period we can look back and see how each day moved along a nice path up or down. It is a shame it doesn’t operate this way. Reality has a way of surprising investors daily. Just look at yesterday. After weeks of sideways movement, the world’s markets all responded in a positive way.