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Monthly Archives: June 2012

Tactical Update

By |2012-06-03T22:51:05-04:00June 3rd, 2012|Markets|

A report on our tactical portfolio moves for the week, all which occurred Thursday. Global Opportunities portfolio: Sell AHT, Sell UPL, Buy CELG, Buy MSFT Ashford Hospitality Trust is a hotel Reit we purchased in the first quarter of 2011.  With low interest rates, our thesis held that Ashford would obtain cheap refinancing of existing debt and leverage the performance of prime properties [...]

Thinking Things Over: There’s a Brighter Future Ahead….but When?

By |2012-06-03T19:28:50-04:00June 3rd, 2012|Economy, Federal Reserve/Monetary Policy, Markets|

Thinking Things Over     June 4, 2012 Volume II, Number 22:  There’s a Brighter Future Ahead….but When?  By John L. Chapman, Ph.D.          Washington, D.C. In a world of pure theory, stock and bond prices rise and fall according to the fundamentals of market reality, and exclusively so.  The strength of profits and free cash flow, sustainability of a firm’s competitive advantages, technological [...]

Economic Report: US Non-Farm Payrolls – May

By |2012-06-01T14:15:16-04:00June 1st, 2012|Markets|

Non-farm payrolls in the US gained only 69,000 jobs in May, far below Wall Street estimates and the least in over a year. The results roiled the markets, as economicts were expecting an increase of at least 165,000. The unemployment rate rose to 8.2% from 8.1%, the first increase in 11 months, as more people entered the labor force despite a [...]

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