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Market Minutes for the week of March 20th

by Cascade

Market Minutes for the week of March 20th: “Always borrow money from a pessimist. He won’t expect it back.” – Oscar Wilde Where do we start? This week we have had these headlines: Every investigative body of government saying they see no signs of an illegal wiretap of Trump Tower by Obama. The FBI director confirming an investigation into Russian meddling in the 2016 election. A Washington Post article referring to potential criminal activity between a disgraced ex-leader of Ukraine and former Trump campaign aide Paul Manafort. Talk of not enough GOP votes to pass the GOP healthcare plan. Trump creates more enemies as he threatens Republican lawmakers with the loss of their seats if they don’t play ball on the repeal and replacement of Obamacare. The attachment of the controversial “Border Tax” to the wider tax reform legislation with the worry it will derail tax reform. This is not
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Blueprints: Three Simple Strategies to Achieve Your Goals

by Cascade

What are your big ambitions in life? Do you have strategies in place to make them happen? The Blueprints process helps families with a special needs member improve their financial and legal lives so that they can create the best life possible for themselves and their loved one with a developmental or intellectual disability. The first two Building Blocks of the Blueprints planning process have you write down your dreams and goals and prioritize them. Through these Building Blocks, we recommend you find strategies to keep these goals present and alive in your daily life. There are a few strategies that I have used that worked well for me. Note cards. This is a simple strategy. Write down your most important goal on a notecard and review this card every day. Ideally, you look at the card as soon as you wake up, before you fill your head with all
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Market Minutes for the week of March 13th

by Cascade

Market Minutes for the week of March 13th: “I’ve learned…That to ignore the facts does not change the facts.” — Andy Rooney Jim Cramer, commenting on the “slow growth economy” he keeps hearing about: “I tire of these boilerplate anti-empirical judgments. If you are saying these things, if you are mouthing them as if they are gospel because they have been gospel for so long, you have to wake up and start listening to the people I put on Mad Money. Hamid Moghadam, the CEO of Prologis, the giant developer of distribution centers, is doing everything he can to keep up with all the business he can … He’s putting buildings up as fast as he can because of e-commerce and the fact that e-commerce needs three times the space of regular commerce, because of all of those bulky boxes the stuff comes in … Nucor is the largest steel
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Market Minutes for the week of March 6th

by Cascade

Market Minutes for the week of March 6th: “It took me seventeen years to get three thousand hits in baseball. I did it in one afternoon on the golf course.” – Hank Aaron (Hall of Famer and long-time home run king) Is the Trump rally over? Is it time to run for cover? These two questions are at the forefront of investors’ minds right now. While is seems clear that some of the Trump euphoria has evaporated, it is probably accurate to say that U.S. stocks are fully valued based on 4th quarter earnings. First quarter economic data so far has been mostly positive and supportive of these valuations. While I don’t foresee a nasty correction at this point, it appears more likely that the markets will move sideways for a while as the new administration gets used to Washington and the process of governing. For stocks to move meaningfully
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Market Minutes for the week of February 27th

by Cascade

Market Minutes for the week of February 27th: “No persons are more frequently wrong than those who will not admit they are wrong” – Francois De La Rochefoucauld Sam Stovall, Chief Investment Strategist of U.S. Equity Strategy, at CFRA: “If you need additional encouragement that a bear market is not just around the corner, history again may offer some more virtual Valium.” In 27 of the past 72 years, since 1945, he notes the S&P has realized gains in January and February, with the stock index finishing up for the year (on a total-return basis) in every one of those years.  In those years, the average increase was 24% and the gauge in the remaining 10 months 25 of 27 times was ahead. Investor’s Intelligence which measures the sentiment of market professionals currently puts the percentage of bulls at 63.1%. This is a level not seen since 1987, the year
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Market Minutes for the week of February 20th

by Cascade

Market Minutes for the week of February 20th: “If you can spend a perfectly useless afternoon in a perfectly useless manner, you have learned how to live.” – Lin Yutang Important: As many of you know, during the process of switching our phone and internet service from Comcast to CenturyLink, we temporarily lost service for a day and a half. We are now back up and running and everything seems to have returned to normal. Cascade Investment Group would like to express our gratitude for your patience and understanding as we worked our way through this unexpected and unfortunate series of issues. Blaine Rollins, Founder and CEO of 361 Capital: “While politics and the new government’s agenda is still very much in the news, investor interest last week shifted to the bigger picture. Good economic data continues to hit the tape along with better-than-expected corporate earnings growth and outlooks. Rising
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Market Minutes for the week of February 13th

by Cascade

Market Minutes for the week of February 13th: “Golf is a game in which you yell ‘fore,’ shoot six and write down five” – Paul Harvey The U.S. stock market continues on its remarkable run, making new high after new high. Yes, the animal spirits unleashed by last fall’s election, are still at work. But according to Jim Cramer, there are other factors at work as well: “Let’s start with the transports. It’s one of the oldest theories when it comes to stocks that the transports have to confirm the Dow before you can trust a market, meaning that the transports have to make a new high along with the Dow before you can believe there’s some solid grounding … The stocks of the rails, the truckers, the freight forwarders and the airlines are leading the way and that shows the rally is backed by a burst in commerce. Remember
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Market Minutes for the week of February 6th

by Cascade

Market Minutes for the week of February 6th: “If you’re going through hell – keep going” – Sir Winston Churchill So far in 2017, the Dow Jones Industrial Average is off to a good start, up about 1.50%. It feels good to be sure but when you look below the headline print, just four stocks of the Dow 30 are responsible for 98% of the gain, they are: Apple, IBM, Boeing and Visa. Apple itself has accounted for nearly a third of Dow’s rise in 2017. Last year, the Dow outgained the S&P 500 and NASDAQ Composite where shares of Goldman Sachs, UnitedHealth Group, IBM and 3M counted for 46% of last year’s 13% gain. “A 50-project list outlining President Donald Trump’s infrastructure priorities surfaced last week. The projects on the list, titled ‘Priority List: Emergency and National Security Projects,’ would cost about $140 billion and employ the equivalent of
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Market Minutes for the week of January 30th

by Cascade

Market Minutes for the week of January 30th: “Dogs’ lives are too short. Their only fault, really.”  — Agnes Sligh Turnbull. Jim Cramer: “But what I am saying is that non-business surprises out of the White House can cause some people to worry about the state of things – whether they should worry or not. That worry could translate into thinking that they are being too glib having a lot of money in the stock market, because  we have seen the stock market have gigantic declines and we know it isn’t safe like cash. So why not go into cash and forget trying to benefit from potential opportunities? Of course, only in a completely gonzo moment of contention in this country would I even have to explain that logic. But we are in a gonzo, Hunter Thompson-esque moment for certain, and I think that one of the reasons this market
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Market Minutes for the week of January 23rd

by Cascade

Market Minutes for the week of January 23rd: “I never knew the game of baseball was so easy until I went into the broadcasting booth.” – Mickey Mantle America’s new Commander in Chief is wasting no time digging into his agenda. So far by executive order, he has put a freeze on government hiring (EX military), frozen any new EPA contracts and put out a media gag order on the EPA, removed the U.S. from the TPP (Trans Pacific Partnership), signaled the intent to revisit NAFTA, suspended any pending new government mandated regulations, targeted sanctuary cities, legal immigration and the Wall. The stock market loves what it sees so far and we could reignite the “animal spirits” if his pace of action continues. January 25th, 2017 … the DJIA breaks 20,000 for the first time ever. When I got into this business, the DJIA was 800. My how time flies!
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