World Markets Fair Value Report – USA- 2019 July

The Market centroid moved toward the upper right this month as did most individual sector centroids. However, two sector centroids moved significantly more than the overall market, Information Technology and Materials. Materials made a stronger move upward and slightly closer to the Market while Tech moved upward distancing itself from the Market while keeping a relative position in terms of valuation. Read the Full report with individual stock fair values and influence at: Client Service > World Markets > Americas > USA Stock Fair Value Report.

World Markets Stock Consideration Report – USA – 2019 July

The Total market is now 5% higher than it was 12 months ago with a valuation of 116.2%. The relationship between the two values is much better than previous. When the market was at this level a year ago we were experiencing valuations that were increasing at a rate that was more rapid than the increase in market value and had reached a ratio of nearly 2.00. The expectations ratio is now a more reasonable 1.74.

Investment Strategy Today

Medidata Solutions [MDSO] earns a SELL consideration, much of the news media is talking about a global slowdown, the global economy is slower, but is it bad? Most discussions are pointed to trade wars, but export/import prices do not demonstrate increased prices and most manufacturers are distributing their production capabilities around the world while becoming less dependent upon China. Is that not a good move for longer term stability? Maybe my understanding of industrial management distribution logistic theory is rusty, but I was always taught to make sure your manufacturing and distribution was never critical path dependent. Maybe it is part of the New Economy – No profits and Destructive vulnerability. Good combination.

Investment Strategy Today

Global inflation remains low, economic growth in line with low inflation levels while unemployment levels remain low.Rudolf Technologies [RTEC] and Sykes Enterprises [SYKE] earn SELL considerations.

5G Portfolio – NEWS

– Intel [INTC] announced they will no longer be involved in the 5G smartphone modem business. It will continue work on projects that involve 5G infrastructure. In a possibly related matter ….

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