Quarterly Investment Commentary as of October 1, 2015Submitted by Canty Financial Management on October 8th, 2015
Quarterly Investment Commentary as of October 1, 2015
“The U.S. LEI suggests economic growth will remain moderate into the New Year, with little reason to expect growth to pick up substantially,” said Ataman Ozyildirim, at The Conference Board. “Average working hours and new orders in manufacturing have been weak, pointing to more slow growth in the industrial sector. However, employment, personal income and manufacturing and trade sales have all been rising, helping to offset the weakness in industrial production in recent months.”
At CFM, we believe the fundamentals of the economy remain strong, and inflation should remain low for some time to come. The unemployment rate dropped to 5.1%, which is the lowest rate since 2008. The U.S. should continue to lead the World in economic growth, and our focus is to overweight in Large Cap Growth, and Dividend paying stocks, as well as Technology, Health Care, Financial, and the Cyclical sectors.
We recommend a diversified portfolio of stocks, and we also favor short-term bonds over long-term bonds because we anticipate an interest rate hike by the Federal Reserve Board in early 2016.
Please give us a call to discuss your situation, and your acceptable level of risk. You may speak with Bill Canty or Maureen Walsh at 518-885-3230 or 239-435-0090 with questions or concerns.