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Monday 30th July 2018
Hi Friend,
Strong US growth boosts markets ... FB shocks tech sector ...
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| | Markets ...
The US economy grew by 4.1% in the second quarter, annualised basis. Compared to prior year, growth was a more modest 2.8%. We expect the US economy to grow by over 3% this year. The Fed is expected to hike rates at least twice in 2018.
Markets moved ahead on the news. The Dow closed up at 25,424, the FTSE closed up at 7,701.31. US stocks are boosted by strong earnings and stock buy back prospects. The FTSE retains a modest boost from Sterling weakness. The NASDAQ closed off by just over 1% in the week. Facebook and Twitter disappointed with user numbers in the tech sector. Our Empires of the Cloud Fund took a hit! Ouch!
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| | | | Our weekly review of markets, currencies and bond rates is back. We provide a more extensive update on trends in financial markets than is possible in The Weekly Saturday Economist. Just click on the link to access the complete PDF from the web site.
We are working with eToro in our Monday Morning Markets Review. We have established our "Empires of the Cloud" Fund with a start value of $10,000 dollars. We are currently 40% invested. We made the move into Alibaba this week.The FB set back this week, wiped out a large part of our gains to date. We have averaged back in and are planning to move on Twitter. The setback this week, brought the little bird into buy range. We have added Square onto our watch list. Square, PayPal or WorldPay the choice ... Jack Dorsey gets the vote ... for now.
Want to follow? It's just for fun. We are not licensed for the giving of investment advice. Use this link to sign up to eToro. Get a $100 dollar bonus. How cool is that! Hurry, deals are limited. We have just seven left.
Have a great week ahead,
John
The Saturday Economist: Weekly
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| | © 2018 John Ashcroft, Economics, Strategy and Social Media, experience worth sharing.
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